How fast can I get working capital?

Most files fund in 24 hours from clean submission. Same-day funding is available for offers signed by 11 AM ET.

What credit score do I need?

500+ FICO for revenue-based products, 600+ for term loans, 625+ for lines of credit.

Can I use the funds for anything?

Yes — working capital is unrestricted in use.

Will I need to provide tax returns?

Generally no for amounts under $250k. Larger deals may require tax returns.

Are payments daily or monthly?

Depends on product. Term loans typically monthly; MCAs daily or weekly; LOCs monthly minimums.

Term loans usually allow penalty-free prepayment. MCAs sometimes offer prepayment discounts; many do not.

Do you fund startups?

Most working capital products require 6+ months in business. Newer businesses can use startup-specific products.

What industries do you fund?

We fund 700+ industries — restaurants, retail, e-commerce, trucking, construction, professional services, medical, and more.

Will the loan affect my personal credit?

Credit-inquiry type varies by lender and product, and we disclose it before you sign. Some products report to personal credit; many don't — we disclose reporting before signing as well.

Can I renew at 50% paid down?

Yes — most working capital products allow renewal at 50% paydown, often with rate improvements.

Will the lender file a UCC?

Yes — a UCC-1 is standard. It does not encumber specific assets but signals other lenders an advance exists.

Working Capital

Working Capital Loans

Cover payroll, inventory, and day-to-day expenses.

Working capital loans cover the everyday costs of running a business — payroll, rent, inventory, and short-term cash flow gaps. Simply Approved Business Loans funds working capital from $5,000 to $1,000,000 with same-day approval and 24-hour funding for qualified businesses.

Apply now

Amount

$5,000 – $1,000,000

Term

3 – 24 months

Speed

Funded in 24 hours

Best for

4 use cases

Best for

Bridging seasonal slow periods
Covering payroll gaps
Stocking inventory
Marketing and growth pushes

Key features

Same-day approval
24-hour funding available
No collateral required
Daily or weekly payments

How Working Capital works

Working capital is the use case, not a single product. The right vehicle depends on your needs: a short-term loan with fixed amortization, a merchant cash advance with revenue-based remittance, or a line of credit for ongoing access. We match you to the cheapest fit.

Most working capital loans we close are 6–18 month fixed-amortization loans repaid via daily or weekly ACH. Approval is based on bank deposits — no tax returns, no collateral, no business plan. Same-day approvals and 24-hour funding are standard.

Use of funds is unrestricted: payroll, rent, inventory, marketing, vendor payments, equipment repairs, tax bills — anything that keeps the business running.

Qualifications

Time in business	6+ months
Min monthly revenue	$15,000
Min FICO	500
Documents	App + 3 months bank statements (4 NY/CA, 6 Canada)

Pros

Same-day approval, 24-hour funding
No collateral required
Approval down to 500 FICO
Daily/weekly/monthly remittance options
Renewals on most products at 50% paid down

Cons

•Higher cost than bank/SBA
•Daily debits require disciplined cash management
•Personal guarantee typical
•Stacking damages cash flow fast

Common mistakes to avoid

Using working capital for long-term capex
If you're buying a 7-year asset, finance it on a 5–7 year term, not a 12-month working capital loan.
Taking too much
Borrow what you need to cross the gap, not the maximum offered. Daily debits scale with loan size.
Not comparing offer types
Term loan, MCA, and LOC each have different effective costs. Always model all three before signing.

Real-world scenarios

$60k seasonal bridge for a retailer

A 2-store boutique took $60k on a 9-month working capital loan to pre-buy Q4 inventory; repaid through Q4 lift.

$25k tax-bill bridge for a contractor

A residential remodeler took $25k on a 6-month term to cover a quarterly IFTA + materials spike.

When another product is a better fit

Business Line of Credit →
If you have recurring needs and want to pay interest only on draws.
Merchant Cash Advance →
If your revenue is mostly card-based and you want remittance to flex with sales.
Invoice Factoring →
If your cash gap is specifically B2B receivables.

How to apply

01
Apply online in 5 minutes
02
Provide 3 months bank statements
03
Same-day approval
04
Funds wired in 24 hours

Working Capital vs. other funding options

Side-by-side comparison of Working Capital against the most common alternatives. Use this to decide which structure fits your business stage, cash flow, and use of funds.

Product	Amount	Term	Speed	Best for
Working Capital This page	$5,000 – $1,000,000	3 – 24 months	Funded in 24 hours	Bridging seasonal slow periods
MCA →	$5,000 – $2,000,000	3 – 18 months	Funded in 24 hours	Restaurants & retail with daily card sales
Line of Credit →	$10,000 – $1,000,000	Revolving	Approved in 1–3 days	Managing cash flow gaps
Term Loan →	$25,000 – $5,000,000	1 – 5 years	Funded in 2–7 days	Expansion, renovations, or buildouts

FAQs about Working Capital

Working capital is the use case; MCA, term loans, and lines of credit are products that provide it. Simply Approved Business Loans matches you to the working capital product with the lowest cost for your situation.

First-hand experience

Expert insight from Simply Approved Business Loans

In day-to-day underwriting we see working capital files clear fastest when the business has 3+ months of consistent deposits, no recent NSFs, and a clear use of funds tied to revenue (not a debt-stack rescue). Files that match this profile typically price 10–25% better than the lender's posted floor.

The most common mistake we see on Working Capital applications is mismatched stated revenue vs. actual deposits. Underwriters pull a Plaid or statement read; if your numbers don't reconcile to within ~10%, the file gets re-graded down a tier or declined outright. Always pre-reconcile before submission.

Approval speed for Working Capital ($5,000 – $1,000,000, funded in 24 hours) depends 80% on documentation completeness. Clean files — full statements, voided check, ID, and a 90-second answer to "why now?" — close inside 24 hours. Missing pieces push close to 3–5 business days.

If you're declined on Working Capital, ask specifically whether the issue is revenue, time-in-business, credit, or industry. Each has a different fix path — and at Simply Approved we route declined files to an alternative product (revenue-based financing, equipment, or factoring) rather than walk you away.

Reviewed by Simply Approved Underwriting Team · May 2026

Lead-gen pre-check

See if you qualify for Working Capital

$5,000 – $1,000,000 · Funded in 24 hours. Pre-qualification is free and doesn't affect your credit.

Free pre-check

Eligibility checker

No credit pull. No data stored. Instant answer.

Underwriting disclaimer: The eligibility checker is a self-reported pre-qualification tool. It does not constitute an offer of credit or a guarantee of approval. Every funded file goes through full underwriting — including bank statement analysis, business verification, and a credit inquiry whose type (soft or hard) is disclosed before you sign. Final terms, rates, and amounts depend on underwriting and the specific lender or program.

Apply now — funded in 24 hours

Free to apply. No upfront fees. Real underwriters review every file.

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Working Capital by state

State-specific underwriting notes and scenarios for Working Capital borrowers.

Get funded in as little as 24 hours

$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.

Apply now — it's free See how it works

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Working Capital Loans

Best for

Key features

How Working Capital works

Qualifications

Pros

Cons

Common mistakes to avoid

Real-world scenarios

When another product is a better fit

How to apply

Working Capital vs. other funding options

FAQs about Working Capital

See if you qualify for Working Capital

Eligibility checker

Apply now — funded in 24 hours

Related products

Merchant Cash Advance

Business Line of Credit

Business Term Loan

Working Capital by state

Get funded in as little as 24 hours

Check your credit score before you apply.