Perhaps your business is in need of short-term funding to hire a new employee, buy equipment, purchase new inventory or open a new location. Or you may require extra money to simply pay an overdue tax bill. Whatever the reason, the future success of your company depends on fast, flexible access to working capital. Yet, for many growing companies, conventional credit financing with fixed payment terms is not always an available option. So what do you do?
Consider converting your future sales into capital you can invest in your business right now.
Tap into the value of your future sales.
Liquid Capital’s working capital advance is neither a loan nor a factoring solution based on accounts receivable. Instead, it is a highly flexible financing option that provides working capital based on expected future sales.
Companies that have been in business for at least six months, possess good business fundamentals and have not had any bankruptcy are eligible for a working capital advance. Once your gross monthly sales have been verified, Liquid Capital will advance up to 125% of your average monthly sales volume as a lump sum that is deposited into your bank. The advance is repaid daily or weekly as a fixed payment, usually within 12 months or less.
A working capital advance is approved much more quickly than a typical loan, giving you fast access to the capital you need, when you need it.
Qualifying for working capital from Liquid Capital is relatively simple and is available to virtually every industry – including those some other companies consider difficult to finance, such as transportation, construction and insurance.
There is no restriction on how the money can be used by your business. You can even repay early with a discount that drops as your advance reaches maturity.
Business fundamentals matter more to us than your credit score. We offer approvals across the credit spectrum, often within hours. Applicants can qualify for 80-125% of their average historical monthly revenue (based on four months of bank statements).