Working Capital
Belden Resources provides short-term working capital loans to business owners who need quick access to cash. These are real loans that can help establish or build business credit, and they are typically less expensive than receivables factoring. Short-term working capital loans can be used for a variety of purposes, such as purchasing inventory, testing a new marketing campaign, hiring additional employees, addressing unexpected emergencies, or taking advantage of market opportunities. Fast access to capital is crucial for growing businesses, and our working capital loans can be funded in just a couple of days, compared to the weeks it can take for traditional bank loans. Once you’re approved for your first loan, you can take out additional loans whenever needed, even if it’s months or years later, much like a credit line. This provides ongoing access to the funding your business needs to grow and thrive.
Working Capital Key Points:
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- Capital available from: $10,000 to $250,000
- Term: 6 – 18 months
- Fast approval in hours and funding within 1-2 days
- Simple 1 page credit application and 6 months bank statements required
- Can generally borrow 8 – 20% of monthly gross revenues or more
- Fixed daily, weekly or monthly payback via ACH
Minimum Customer Qualifications:
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- 3 months in business
- 500 FICA score
- Must have business license and commercial location
- Monthly sales revenue of $8,300+ in bank deposits
- A past bankruptcy must be at least 2 years old
This is a great program for getting cash very quickly and easily for any immediate business need. This is much faster than any commercial loan and with more flexible requirement criteria that most businesses are able to meet. To apply for approval please submit a credit application and your current 3 months business bank statements (all pages). We’ll review and update you as quickly as 24 hours.