Working Capital - Invoice Credit

Working capital comes in handy when your business has unpaid customer invoices that you can’t wait to be paid. You can use invoices to get cash now. Best for businesses with unpaid invoices that need fast funding which is easier to get approved for compared to other similar options.

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Pros:

• Fast cash

• Relatively simple approval

Cons:

• Cost of borrowing may be high

Best for:

• Businesses with unpaid invoices that need cash right away

• The unpaid invoices have 30, 60 or 90-day payment terms

Short-Term Loans

Short-term loans allow for very fast funding so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.

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Pros:

• Fast Capital in as little as 24 hours

• Unsecured

• Easy approval process

• Little documentation needed

Cons:

• Cost of borrow ing can be more

Best for:

• Businesses that have high and consistent sales and bank deposits

• Businesses that need financing right away