WORKING CAPITAL LOANS
- Unsecured funding up to $500,000
- Loan term between 3 months to 60 months
- Approval possible within 24 hours
- Minimum documentation
Quick Apply
What is a Working Capital Loan?
A working capital loan is a form of short-term business financing that enables a business owner to facilitate and execute daily business operations. It covers the cost related to the regular operations like labour costs, accounts payable, marketing fees, rent, payroll, etc. It can be best explained through a simple formula.
Current assets of the company – current liabilities of the business = Working capital
The working capital is not suitable for buying assets or for funding long-term growth for the business.
Eligibility
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Business ownership or an active ABN
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A minimum trading history of 6 months
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Minimum monthly income of $5000 in the last 6 months
Tajinder Kumar
2023-05-04
For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Darren Woodward
2023-04-28
Saroj and his team are excellent in helping , nothing is to hard and communications at the highest level .
Scott Filby
2023-04-28
Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.
Jeshua De leon
2023-04-17
The Broc Finance really helped make our financing needs quick and easy, would 100% recommend them!
Anju Gupta
2023-03-02
Excellent service, smooth and fast! Saroj is very efficient, got better rates than market. Thanks Broc Finance.
Brendan Diamond
2023-02-16
Saroj was great to deal! He knew which lender was best for our situation and delivered when we needed it most. Would recommend him sure. Thanks!
Nick Jackson
2023-02-09
Saroj and his team were great. Always there to answer any questions. Definitely recommend. 👍
Jacky Zhang
2023-01-17
the irish shop
2023-01-17
Sarog, We would like to thank you for your support when we required additional funding to move our business forward.
Although it was not an enormous amount , you showed a willingness to listen and support our needs where others didn't think it was worth their while. We thank you for your support and professional advice that got us to the result that we wanted.
I thoroughly recommend you to anyone that is looking for real professional help when looking to fund their business further. Thank you.
Carolyn Kalomiris
2023-01-16
Thank you Saroj,,
Very helpful, you have helped make my dream come true ,, I now have an amazing Cafe opening soon, great communication, efficient, and professional all the way …..
Much appreciate your help with my fiancé
Happy Customer
When Should You Get a Working Capital Loan?
Under the following circumstances, you can apply for a working capital loan and mitigate your financial emergency.
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To cover regular operational expenses: Businesses that run on a seasonal revenue model can experience slow months during which cash flow can become somewhat of an issue. Working capital loans come in handy in such times. It eases the regular expenses.
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Payroll: In the quieter months due to a cash flow imbalance a business might run out of capital making payroll difficult for them. In such circumstances, you can use working capital loans to pay your employees.
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Inventory purchases: You can use working capital finance to make essential inventory purchases or restock it for emergencies.
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Busy sales periods: During busy periods, there can still be some delay in the payments from the clients/customers. At that time, you can receive some respite from working capital loans.
What are the advantages of working capital loans?
There are multiple benefits for businesses applying for working capital loans, such as:
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It offers more liquidity to the business owner, making it possible to overcome financial restraints and realize business goals.
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The financing offers additional financial support to your business, simplifying cash flow concerns.
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It strengthens the capital structure of the business.
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You can prevent instances of late payments to the supplie