Loanandcashfunding.com offers working capital loans for small businesses. These loans are customized in accordance to the loans and thus, work beneficial for most businesses. This loan can help in the everyday operations of the business. These loans can cover recurring expenses such as wages, accounts payable, and more. Loanandcashfunding.com understands the importance of offsetting your working capital during a period of low sales.

Here are some basic features of the working capital.

The working capital loan by loanandcashfunding.com is given for a period of 1 month to 36 months.

1. The processing of the working capital loan by our team of experienced professionals is super-fast. This can be processed within 72 hours.
2. You do not need to be physically present or stand in long queues for applying for the working capital loan as this is an online process.
3. Working capital loan is an unsecured loan that does not need any collateral or any kind of security.
4. The interest works out comfortably as this can be from 1% to 2% per month. The rate of interest depends on your credit profile.
5. Loanandcashfunding.com offers loans with a tenure that ranges anywhere from 1 month to 36 months. This works well for the repayment process.
6. You can choose between bi-weekly or monthly installments for the repayment of your loans.

What is the criteria for Eligibility?

Loanandcashfunding.com has a relaxed criterion for eligibility as compared to the different financial institutions like banks or lenders.

1. There is a specific minimum turnover requirement.
2. Your business needs to have operated for more than 3 months.
3. The location of a business should not be in a negative location.
4. Charitable institutions, NGO’s are not eligible for working loans by the loanandcashfunding.com.

Steps for Working Capital Loans:

You need to first submit your application. This takes only around 60 seconds. Next, you need to upload your documents, by the online process. The application is evaluated by our team of qualified professionals and ensure the customer gets a fair sanction.

Types of Working Loans:

There are 2 types of working loans, these are the secured and the unsecured types.

For secured loans, it is important to have an asset that can be used as collateral. For unsecured loans, the financial health of your business is looked into.

The most common types of working loans are

1. Equity Funding:
   These loans can be acquired via investors or personal resources. These types of loans are taken for businesses that do not have sufficient credit scores or for start-ups.
2. Bank Overdraft:
   A bank overdraft is given by a financial institution or a bank. This is a withdrawal limit that is pre-approved. The interest is paid on the withdrawn amount.
3. Short Term Loans:
   These loans are granted at a fixed rate of interest with a repayment period that is short. These are secured loans and can have other requirements of the policy.
4. Advances:
   This loan is similar to a receivable loan and is given against future receipts of the credit cards. This debt works well for those businesses that accept credit cards payment.

This working capital loan will have to be paid off eventually. Before deciding on this loan it is important to consider the business needs.

It is advisable to look for other options for managing the working capital instead of opting for the loan. Make sure you have charted out a decisive plan of using the money in the required manner for your business. Finally, before taking this loan, ensure it is beneficial for your business and not apply for this only because this is available.