Working Capital Loans for Small Businesses

Access to working capital is essential to the daily operations of a small business. Without access to funds, new businesses often grind to a halt and are unable to continue standing.

Many small businesses in the United States find themselves in this situation — unable to receive the funds they need from traditional institutions like banks. Fortunately, First Down Funding offers an alternative for small businesses in need of working capital loans.

We are a lender in Maryland that provides business financing solutions with quick approvals and automatic deposits of funds. Our process is remarkably straightforward and is geared toward helping American small businesses thrive.

Learn more about our working capital loans for small businesses today.

Working capital loans are a popular choice among small businesses for a variety of reasons that all have to do with our flexible and efficient process:

Quick & Easy Processes: First Down Funding’s working capital loans come with streamlined approval and application processes — we make things quick and easy. We understand that you don’t have time to wait around for approval or funds. Our team makes sure that approvals are offered with swiftness and transparency. We see to it that your funds are deposited in your bank right away.

It’s Attainable: The reality is that most small business owners are responsible when it comes to funding, despite common thought. There is an unfair perception of small business owners in the United States as being “irresponsible” or somehow reckless. At First Down Funding, we make working capital funds accessible because we believe in the responsible business owners behind new companies.

Fast Turnaround: Working capital challenges can spring up quickly. You might think you have the cash you need to get by, but a missed payment from a high-value client or a sudden repair might throw you off your rhythm. When this happens, quick access to working capital is crucial — which is exactly what you get with First Down Funding.

Breathing Space: Working capital gives organizations space to breathe. No one wants to be caught short or for their business to be rendered ineffectual by a lack of cash flow. By acquiring short-term funding easily and promptly, business owners can maintain the breathing space they deserve.

Flexible Repayments: Alternative financing from First Down Funding involves flexible repayments. Business owners do not want to be tied down into rigid, inflexible payment schemes. Fortunately, as an alternative funding provider, we are more in tune with the needs of our clients and offer payment schemes that reflect this.

A bad credit score is typically considered anywhere between 300 and 629, but traditional institutions all have different interpretations of what it means to have bad credit. Even when a business owner boasts a high personal credit score, small business funding is hard to come by when applied for through traditional channels.

Unrealistic expectations of small businesses to have high credit scores or substantial business history makes obtaining business financing close to impossible for new companies. We pride ourselves in being an alternative lender that gives small businesses the chance to attain the funds they need.

There are so many reasons why a small business may have poor credit. At the end of the day, a credit score shouldn’t prevent a business from being able to attain the funds they need to get back on track. We believe in supporting American small businesses and providing them with the tools they need to succeed — including access to bad credit funding.

If your small business is faced with less than stellar credit, consider the ways that you can better your chances of securing the financing you require:

• Sign a Personal Guarantee to weigh your business funding application more heavily on your personal credit. This will shift your qualifications to be based on your personal ability to pay off a loan, rather than your business’s capability to do so.
• Provide collateral or assets like unpaid customer invoices or future debit card or credit card transactions. This will help to base your qualifications less on your credit history, and more on your business’ revenue.
• Accept a smaller funding amount if your business has flexibility in how much funding they need. The fact of the matter is that a small business is far more likely to get accepted for a short-term working capital loan than, for example, a long-term loan.
• Pledge cash down payment if your business has a poor credit history but substantial cash flow. You have the option to secure your financing by covering a percentage of your loan in cash.