How does working capital process works?
Working capital loan is ideal for when a job requires initial capital or when your season is coming up, but you need cash to pay for inventory. With additional capital you can acquire more contracts, update equipment and launch new marketing campaigns. This loan is not designed to pay off delinguent accounts but to help expanding businesses with limited access to CASH expand and increase cashflow. Short term cash infusion is what your business might need. Don't deprive your business with cash...take care of business today. When cash is king again!
When You Need Capital Immediately
- Recieve instant credit decision
- No upfront capital or additional collateral
- Receive funding in as little as 5 business days
- Accept your loan without the hassle of changing your credit card processor
- Repay your loan in 6- to 12- months
- Renew your loans any time
- Manage fixed daily payments online at any time
Click here to see Eligibility:
How the process works.
- Applicant submit completed application for instant credit approval. Credit approval is instant.
- Once we have determined that you are approved, we now have to determine how much you can qualify for in terms of loan amount by providing us the following statements:
-3 months bank statements for businesses who doesn't accept credit cards (max approved $50k)
-3 merchant statements or 6 bank statements for income qualification verification- Once Liberty Capital received your full statements, a final decision will be issued with your terms and working capital loan amount.
- Applicant accepts the loan.
- Liberty Capital prepares the origination documents.
- Applicant completes and returns with other necessary documents.
- ACH Funds for the loan amount directly to your checking account.
Payment: Our bank will deducts (ACH) a daily fixed payment based on the term of the loan. Payment only taken out during business days, so only 5 times a week.
Renewal: If you are within 75% of your current working capital loan, you are eligible for renewal. For example, a $10,000 loan with $2,500 balance allows you to renew without paying an interest on the remaining $2,500 balance. If you qualify for $20,000 during your renewal, you will receive $17,500 funding; therefore, the loan still remain at $20,000. Your new working capital loan still equals to 100%. Shorter term will allow you to renew your loan at sooner.
About Liberty Capital
By building strong alliances with banks allows us to gain unique financial products to offer business owners. We are well balanced to serve our clients' capital need now and in the future. Liberty Capital's working capital program, in addition to equipment financing, merchant cash advance and factoring, positions us well to offer broad array of financial products to suit our clients' capital need under one roof.
Apply Now. Get funded in 7 days!
To talk to your personal Account manager please call
toll free 888-798-3976 or fax completed application 866-780-8363