Working Capital

As a small business owner, you may find it rather challenging to receive funding for your business’ needs. Oftentimes, small business owners have a difficult time meeting the strenuous requirements set in place by banks to acquire the financing they need to streamline their day-to-day operations. This is cause for concern for many startup business owners, as eight out of 10 small businesses fail within the first 18 months of their inception. However, with Lease Genie, there is a better way to receive the financing you need for business equipment, expanding your operations, renovating, and so much more. That’s why, in today’s article, we will be talking more about working capital, and how you can easily apply for your next small business loan with Lease Genie!

If you have applied for a small business loan, only to be turned away by banks, then consider getting in touch with Lease Genie. We say “Yes!” when the banks say “No,” as part of our continued commitment to helping small businesses expand their operations. With more than 30 years of industry experience, we have the tools and expertise to ensure that you receive the funding you need to eliminate the hardships that so many small businesses initially face. With financing ranging from $5,000 to $5 million, we are confident that we can provide you with the necessary funding to help get your business up and running! If you are interested in learning more about receiving a working capital loan from Lease Genie, then continue reading more on the topic below!

What Is Working Capital?

If you are new to the world of financing, then you may not know what working capital is or how it works. Simply put, working capital is the total amount of capital that a business has on hand for their day-to-day operations, which can be determined by taking a business’s total assets, less their total liabilities. As you can see, as a small business that is just beginning to start your operations, it can be difficult to have sufficient working capital that will allow you to become profitable early on. This is one of the reasons why Lease Genie provides working capital loans to small businesses, so that they can worry less about their funding and more about their business.

Qualifying for A Working Capital Loan

While you may find it difficult to receive the funding you need for your business at your local bank, Lease Genie makes it easy. In fact, we offer the most in financing with loan requirements that are geared towards small businesses. To qualify for a working capital loan with Lease Genie, you must simply process credit card transactions for at least 60 days, while processing at least $5,000 in credit card sales each month. By following this financing model, we are able to help small businesses grow while offering fast and convenient funding! In fact, many businesses that apply for a working capital loan with Lease Genie are typically approved for financing in 24 hours or less!

Working Capital Loan Eligibility

If you are wondering whether or not your business is eligible for receiving a working capital loan, you can rest assured knowing that we work across several different industries for your convenience. From restaurants and construction companies to hair salons and landscapers, there are few industries that we haven’t helped receive funding for their working capital needs. We know that you may face a number of roadblocks working with banks, which is why we work hard to make it as convenient as possible for business owners to hit the ground running!

We hope that you found this article on working capital loans to be informative. If you have any questions or concerns about our services, or if you would simply like to learn more about how Lease Genie can help your small business grow, then don’t hesitate to reach out to our team of knowledgeable professionals today. We have helped countless businesses receive the working capital they need to flourish, and we’re ready to help you too! To get started today, simply visit our website, provide your name and email address, and click the “get funded now” button. It’s that easy! We look forward to helping your small business grow!

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David Craig