What are the advantages of a working capital loan?
Do you own a growing business or are you an experienced entrepreneur looking for a new way to innovate, break into new markets and grow your organization?
Working capital business loans could be the ideal solution for you. Learn more about what working capital financing can do for entrepreneurs and how it works below.
What is working capital financing?
Working capital loans are financing designed to enable businesses to continue their day-to-day operations. The loan covers current expenses and can be up to $250,000. Current business expenses can include, among other things, labor wages, various management costs, rent on the building where operations take place, or investment in advertising. To find out more about the working capital financing method, we invite you to consult our page on this subject by clicking here.
How do I know which is the best option for my business?
It’s not always easy to break down the different types of financing, analyze your own situation and understand what’s best for your business, your goals or your current financial situation. If you’d like to discuss your options and find out what might be available to you, don’t hesitate to contact one of the brokers on our team. They’ll be able to guide you towards the financing that’s right for you.
Working capital financing is for companies that have been in business for more than 9 months. Business loans are ideal for tapping into new markets, or for seasonal companies that slow down during the year. The organization must be located in Canada and generate average monthly sales of at least $9,000. If you meet all these criteria, working capital loans are available to you, and could help you reach new heights!
Why choose a working capital loan as your method of financing?
Now that you know your business is eligible for a working capital loan, you may be wondering what the advantages are compared to other financing methods. Firstly, you get an experienced financing team that understands every step of the way, will guide you through the process, answer your questions and work hard to ensure you get the best possible financing. Secondly, this loan allows you to invest in the growth of your business and put the money where and when you need it.
What’s more, the financing is structured to repay the loan according to your capacity, and remains flexible at all times. No unpleasant surprises!
A team of financing experts at your service for over 25 years
The seasoned team at Affiliated Financial Services combines many years of experience to provide customers across Canada with quality service in business and equipment financing of all kinds. A true reference in the field of financing, we work with you to increase your company’s growth and help you achieve your professional goals.
You can also complete your financing application directly online in 3 easy steps. Save time and money in the comfort of your own home, and receive approval for your working capital loan in less than 24 hours!
