{"id":47,"date":"2022-04-25T07:07:57","date_gmt":"2022-04-25T07:07:57","guid":{"rendered":"https:\/\/leaseprosllc.com\/?page_id=47"},"modified":"2022-04-25T07:15:13","modified_gmt":"2022-04-25T07:15:13","slug":"working-capital-loans","status":"publish","type":"page","link":"https:\/\/leaseprosllc.com\/?page_id=47","title":{"rendered":"WC Loans"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_2-0\">What Is a Working Capital Loan?<\/h2>\n\n\n\n<p id=\"mntl-sc-block_2-0-1\">A&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/w\/workingcapital.asp\">working capital<\/a>&nbsp;loan is&nbsp;<a href=\"https:\/\/www.investopedia.com\/best-startup-business-loans-5112018\">a loan that is taken to finance<\/a>&nbsp;a company&#8217;s everyday operations. These&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/l\/loan.asp\">loans<\/a>&nbsp;are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company&#8217;s short-term operational needs.<\/p>\n\n\n\n<p id=\"mntl-sc-block_2-0-3\">Those needs can include costs such as payroll, rent, and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY POINTS<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>A working capital loan is a loan taken to finance a company&#8217;s everyday operations.<\/li><li>Working capital loans are not used to buy long-term assets or investments; they are used to provide working capital to covers a company&#8217;s short-term operational needs.<\/li><li>Companies with high seasonality or cyclical sales may rely on working capital loans to help with periods of reduced business activity.<\/li><li>Working capital loans are often tied to a business owner&#8217;s personal credit, so missed payments or defaults may hurt their credit score.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Qualifications for a Working Capital Loan<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>1 year in business<\/li><li>Minimum FICO: 500<\/li><li>Minimum Monthly Revenue : $10,000<\/li><li>Easy application process<\/li><li>Quick approvals<\/li><li>Daily or weekly repayment options<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to apply<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Click on link below<\/li><li>Fill out application<\/li><li>Attach 4 month of recent bank statements<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Is a Working Capital Loan? A&nbsp;working capital&nbsp;loan is&nbsp;a loan that is taken to finance&nbsp;a company&#8217;s everyday operations. These&nbsp;loans&nbsp;are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company&#8217;s short-term operational needs. Those needs can include costs such as payroll, rent, and debt payments. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-47","page","type-page","status-publish","hentry"],"aioseo_notices":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47"}],"version-history":[{"count":5,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/47\/revisions"}],"predecessor-version":[{"id":116,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/47\/revisions\/116"}],"wp:attachment":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}