working capital

Working Capital Loans for Small Businesses

Small Business owners rely heavily on local customers as an economic driver, but to be successful in a hypercompetitive markets throughout the country, your Small Business must have adequate cash flow, both for your current overhead expenses and future growth. Whether you need a working capital loan to purchase inventory, leverage unexpected business opportunities, cover unexpected expenses, or recover from a disaster or accident, Penn Commercial Capital can assist with your needs. As one of Small Business’s premier lenders, our team offers working capital lending options that are tailored to your business’s unique needs.

An Easy to Navigate Lending Option to Meet the Needs of Small Businesses

Rather than working through the huge stacks of paperwork that is generally required with a traditional bank or financial institution, we can quickly and easily approve your loan, meaning that you can get a working capital loan for up to $250,000 in as little as 24 hours. It is a win-win option to provide funding for your Small Business with the shortest turnaround time possible. That means your business does not need to struggle while you wait for your loan to be approved.

What are some of the benefits of working with a financing lender like Penn Commercial Capital? We provide a simple application process, no hidden fees or costs, and upfront terms and rates. Plus, Small Businesses may not have a large number of assets. Many of our programs have limited requirements regarding assets or collateral. It can be a great way to also improve your business’ credit record by using working capital loans to manage your cash effectively and demonstrate a consistent on-time payment history.

With all of these benefits, plus the knowledge that the application process is quick and easy to navigate – Penn Commercial Capital offers the opportunity for you to secure the financing you need without the underwriting challenges that can present themselves with traditional lenders.

How Can a Working Capital Loan Help Your Small Business?

Every Small Business has its ups and downs throughout the year. One high sales month can be quickly followed by one with barely enough sales to cover the overhead. Balancing the cash flow from month to month can be a challenge. Working capital loans can provide financing that allows you to keep operations running smoothly, while also be tailored based on your current invoices, so your repayment plan reflects the flow of your business.

These loans do not have to just be there for overhead and cash flow. They can also be a viable option for covering the costs of expansion, be it buying new machinery or hiring additional staff to increase your productivity. Plus, if you are taking on larger orders, then these loans can help to cover the costs of additional inventory prior to the invoices being paid. Expansion becomes a viable option when your business is ready, instead of being forced to wait.

With this kind of flexibility, you can take advantage of opportunities when they happen, instead of putting them on the back burner because your business doesn’t have the necessary resources. It makes pivoting during challenging times, such as the recent pandemic, easier for your business to handle.

Working capital loans provide a variety of options that make it possible for your business to function in multiple scenarios. Instead of lending against collateral, our team looks at your business finances, lending against your invoices or revenue streams, meeting your business where it is right now. They are also granted far more rapidly than traditional banks or lending institutions are able to operate – which prevents the possibility of missing out on a limited time offer. These loans are also renewable, so once you have secured initial funding, you have access to more capital whenever you need it without necessarily having to go through the application process again.

Our team can discuss all the funding options available that fit your current needs as a Small Business owner. The flexible terms put you in a position to align your financing needs with the goals of your business. Moreover, working capital loans are available to business owners with complicated credit issues, which often limits your traditional funding options. Whether you are dealing with a low credit score, tax liens, or are without assets or collateral, we have options that fit your current business situation. Payment and repayment programs can be customized to work with the budget for a company of any size.

Starting a loan application can be a daunting procedure, but with our knowledgeable staff can walk you through the process, making it easy for you to complete. Unlock opportunities for your business with these financing options, including working capital loans and merchant cash advances. No matter what you need the funds for, Penn Commercial Capital can help your Small Business business secure the right working capital loan.