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Business Capital Loans Application Process

Working capital loans or business capital loans are a great option for those in need of a quick and easy funding solution that doesn’t require a lot of paperwork and excellent renewal options. One of the great things about working capital loans is that you can obtain them even if your credit score isn’t perfect. Let’s read below and see how you can get one without challenges.

Business Capital Loans: Where to Get Them?

A working or business capital loan can be characterized as a type of loan that can be used to finance your company’s everyday operations. You can’t use it for buying long-term assets or investments. A business capital loan can be great during periods with reduced business activity.

You should think of obtaining a working capital loan especially in those cases when you need to pay for operational costs. These may include rent, payroll and debt payments. So, if you want to sustain your business growth but you don’t have the necessary cash on hand or asset liquidity to meet your company’s daily operational needs, enough operating capital can be the best way out.

When on the lookout for business capital loans, work only with a reputable business funding provider like First American Merchant. FAM, an award-winning alternative online lender and processor, carries an A+ rating with the BBB. is a reliable and trustworthy alternative online lender that specializes in the high risk sector. FAM has helped thousands of hard-to-approve merchants get the best financing solutions for their business needs. No matter you’re a low risk or high risk merchant, FAM is a unique option to choose.

With First American Merchant, you can be sure to enjoy the lowest possible rates in the industry. Also, FAM offers funding solutions that can best fit your business needs.

Types and Benefits of Business Capital Loans

It’s no wonder that obtaining small business loans from traditional banks or other financial institutions can be challenging since they typically require extensive collateral. Traditional lenders are more and more often requiring substantial personal guarantees like your home or other highly valuable collateral. With all this in mind, you once again become convinced that alternative online lenders offer exceptional services both to low risk and high risk merchants.

Now, let’s focus on the types and benefits of working capital loans.

Types of Working Capital Loans:

  • Bank credit line
  • Short-term loans
  • Funding via personal resources
  • Factoring or accounts receivable financing
  • Trade credit
  • Equipment loan/ lease financing

Benefits of Working Capital Loan:

  • Help your business meet shortages in resources
  • Run your business without outside interference
  • Collateral isn’t always required
  • No need to plan for years of monthly payments so to pay back the borrowed amount
  • It’s up to you how you’d use the funds
  • Avoid long-waiting period hassles typical of traditional bank loans

When searching for a working capital loan, take the time to compare all of your options before making your decision. Your decision should be based on the true cost of the loan, including all fees.