Working Capital Loans

Give your business some breathing room with an influx of capital.

The Business Backer is not accepting new applications.

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What Is a Working Capital Loan?

Simply put, working capital is the amount of capital you have on hand to keep your business running. With many businesses — especially small businesses — a significant portion of revenue can go towards payroll, inventory and keeping the lights on. Working capital is a great way to help pay for those everyday expenses if revenue is tight, or to help pay for new opportunities as they arise.

Uses for Working Capital Loans

Seasonal Support
New Business Opportunities
Emergency Fund
Everyday Expenses
Inconsistent Cash Flow
New Employee Hire

Popular Types of Working Capital Funding

Working capital loans (also called capital loans) can come in a variety of forms, so it’s important to choose the type that is best for your business needs.

SBA Loans

Short for “Small Business Administration” loans, SBA loans tend to be affordable options for business owners. That’s because the government guarantees a portion of the loan, promising to pay even if the business goes bankrupt. This allows lenders to offer lower interest rates. While these are a great funding option, they can be very difficult to qualify for and receive.

Business Term Loans

These are what many people think of when they think of small business funding. You apply with a bank, credit union or online lender, and, if approved, get a lump sum to repay (with interest and sometimes fees) over several months or a few years. These loans can be useful for larger expenses, since they allow you to earn that money back (and repay) gradually over time.

Business Line of Credit

A line of credit allows you to draw up to your credit limit as often as you like. As you repay what you borrow, that money becomes available to draw again, up to your available credit limit. There’s no need to reapply, and you usually only pay interest on what you’ve currently drawn. This makes a business line of credit an attractive option for businesses that have variable financing needs.

Invoice Factoring

With invoice factoring, a business sells the money owed to them (accounts receivable) for cash. This way, they don’t have to wait to put that money into action for their business. While businesses don’t usually have to wait a long time to get approved for factoring, it’s often an expensive financing choice. The business may also be responsible for unpaid invoices if their customers don’t pay.

What Does The Business Backer Offer?

There are three funding options available through The Business Backer that can be used for all sorts of working capital expenses. Check them out and contact us to see if any of them are a good fit for your business.

Small Business Loan

Fixed amount up to $200,000

Business Line of Credit

Revolving credit line up to $100,000 offered through our partner Headway Capital

Purchase of Receivables

Purchase of future receivables agreement up to $200,000

From Application to Funding in 3 Easy Steps

Apply online.
One of our experienced Funding Advisors will call you shortly.
Receive a decision.
Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.
Receive your funds.
Sign your contract and receive funds as soon as next business day, if approved.^‡

Apply for Funding

The Business Backer is not accepting new applications.

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FAQ About Working Capital Loans

Can I get a working capital loan with no credit check?

When people refer to loans with “no credit check,” they’re talking about checking an applicant’s eligibility without negatively impacting their credit score. The Business Backer conducts a soft credit inquiry to determine eligibility, so you can apply without it affecting your credit score.