Working capital for established businesses
Cash for payroll, inventory, a large order or a slow season, sized to what the business brings in rather than to its assets. Your Veltcap advisor finds the structure that fits and shows you the full cost in writing.
How it works
Working capital is a lump sum that the business repays from its revenue over a set period. It’s built for businesses with steady deposits that need cash now and don’t want to pledge property or equipment to get it.
Because the review looks mostly at your bank deposits, the decision rests on how the business actually performs, not only on a credit score.
What owners use it for
- Covering payroll through a slow month
- Buying inventory ahead of a busy season
- Taking on a contract larger than usual
- Repairs, fit-outs and new equipment
- Opening another location
- Bridging customers who pay on 60 or 90 days
Who it fits
- $50,000 or more in average monthly revenue
- At least one year in business
- A US business bank account with regular deposits
- Any industry considered
How to apply
Check your eligibility
Amount, monthly revenue, time in business. About 60 seconds, soft pull only.
Send your last four bank statements
Through the secure application. No tax returns or business plan for the first review.
Review your offer and choose
Your advisor sends your offer in writing, with the total cost. Nothing is signed until you decide.
Things to know before you choose
- Short-term working capital usually costs more than a long-term bank loan. It’s priced for speed and flexibility.
- Judge any option on total repayment, not only on the payment amount. Your advisor lays it out plainly.
- Check how often the payment is taken (daily, weekly, monthly) and make sure it fits your cash cycle.
- Additional funding is often possible once a good part of the balance is repaid. Ask your advisor before you take a second position elsewhere.
Working capital: questions owners ask
How fast can working capital be funded?
As fast as 2 hours once your request is approved and you sign. The usual timeline is a few business days, depending on the product and how quickly the paperwork is completed.
Do I need collateral?
Not on unsecured options. The decision rests mainly on your bank deposits and time in business. Some structures may include a personal guarantee; your advisor points it out on your offer.
How is the cost shown?
As a factor rate or an APR, depending on the product. Every offer shows the total amount you’ll repay, the payment amount and how often it’s taken, in writing, before you sign.
Can I get working capital if I already have an advance?
Often, yes. Existing positions don’t rule you out. If you have several, consolidating them may make more sense: see debt consolidation.