There are several types of business financing and loans. Before you get started, it’s important to understand the differences between them and to find out which method is best for your business, depending on your industry, your goals and your financial situation. Learn more about working capital, what type of business can benefit from it, eligibility requirements for a loan and the benefits of this financing method.
Who is eligible for a working capital loan?
Small and medium sized businesses can benefit from a working capital loan and the amount of this loan varies depending on the needs of the organization, its value and its borrowing capacity. It is in fact a sum of money that will be used for short-term operating activities as well as your current expenses, such as rent or employee salaries. Repayment is structured and flexible so that you can continue to grow.
To qualify for a business loan, you must have been in business for at least 9 months, own a business in Canada, have a valid commercial lease and average monthly sales of $9,000. The working capital loan is ideal for start-ups, fast-growing businesses and even seasonal businesses. To learn more about the features of a business loan, visit our business loan page right here.
How do you know if a business loan is the best solution?
Many businesses decide to take advantage of the benefits of a working capital loan for growth or to help pay monthly bills. Whether your business is small or medium sized, to invest in advertising or to maintain or repair various equipment, business loans can range from $5,000 to $300,000 depending on your needs and can be used in many ways. If you believe that a working capital loan is the right solution for you and your organization, do not hesitate to contact us. Affiliated Financial Services and its experienced team will be able to guide you towards the best service for your needs.
Financing experts at your service
Affiliated Financial Services is a brokerage firm with decades of combined experience in business and equipment financing of all kinds. We work hard to find the ideal solution for your financial situation. In addition, our in-depth knowledge of the different criteria of financial institutions allows us to offer you competitive financing, personalized options adapted to your reality. We are here to accompany you and become an important financial partner to contribute to your success.
Apply for a working capital loan online!
We know how valuable your time is. At Affiliated Financial Services, you can apply for a working capital loan from the comfort of your home, 100% online. In just a few easy steps, you could get the financing you need to grow your business or to help pay for your current expenses. One of our team of business financing professionals will contact you to complete your application or to answer any questions you may have. Think a working capital loan is the right solution for your business? Contact us today!