The definitive small business guide to square capital loans

Best Working Capital Loans For Small Businesses

Ready to find a working capital loan for your business? Whatever the size and industry, there are quality lenders available to help your business get the financing it needs. Below, we list our favorite lenders for all types of small Through OnDeck, you can receive up to $500,000 to use as working capital for your business. OnDeck offers short- and medium-term loans and lines of credit for qualified borrowers. While borrowing from OnDeck is more expensive than turning to your local bank, the lender has less stringent borrower requirements, faster times to funding, and rates that are competitive with other alternative lenders. You can choose a financial product from OnDeck that works best for your business. For projects that have a fast return on investment, consider a

short-term loan, which provides you with up to $500,000 that’s repaid over three to 12 months. This is ideal for updates to your business location, funding a marketing campaign, or covering seasonal expenses. Need a longer time to pay? Consider a long-term loan, which can be repaid over terms of 15 to 36 months. You can receive up to $500,000 for purchasing equipment or inventory or funding your business expansion. Rates for OnDeck loans start at an effective APR of around 11%. If you want a more flexible financing option for covering gaps in revenue or unexpected expenses, OnDeck offers lines of credit up to $100,000 with APRs starting at about 11% for qualified borrowers. OnDeck has low borrower requirements for all of its financial products,

providing funds to borrowers with credit scores as low as 600. The application process is fast and easy, so you can get the working capital you need just days after filling out the online application.