WORKING CAPITAL TERM LOANS
Maximize Your Business Growth with Working Capital Term Loans
As a small or medium-sized business owner, you know that having access to working capital is essential for growth and success. Whether it's to purchase new inventory, hire additional staff, pay bills or payroll, or expand your operations, having the funds to make these investments is critical. This is where working capital term loans come in. In this article, we'll dive into what a working capital term loan is, how it works, and why ABM Capital is the best partner to help you secure the financing you need.
What is a Working Capital Term Loan?
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A working capital term loan is a type of financing that provides businesses with the capital they need to cover day-to-day expenses and invest in growth opportunities. Working capital term loans can be designed to be repaid over a shorter period of time, typically between six months to three years, or a longer period of time (up to 7 years). Your business’s particular needs, time in business, and credit profile will determine which product you qualify for. This type of financing is ideal for businesses that need a quick infusion of cash to cover expenses or take advantage of growth opportunities.
How Does a Working Capital Term Loan Work?
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​When you apply for a working capital term loan, you’ll be required to provide documentation such as an application, credit report, bank statements, and sometimes financial statements, and tax returns to demonstrate your creditworthiness.
Once approved, you'll receive a lump sum of cash, which you can use to cover expenses or invest in your business.
You'll then make monthly payments over the term of the loan, which includes both principal and interest.
Working capital term loans typically have higher interest rates than traditional loans, but they also provide businesses with the flexibility and speed they need to grow.
Why Choose ABM Capital for Your Working Capital Term Loan?
ABM Capital is the premier partner for small and medium-sized businesses in need of working capital term loans. Here are just a few reasons why:
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Quick and Easy Approval: Our streamlined application process means you can get approved for a loan in as little as 24 hours.
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Flexible Loan Options: We offer a variety of loan options to fit your business needs, with loan amounts ranging from $5,000 to $20 million.
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Competitive Interest Rates: Our interest rates are highly competitive, meaning you can secure the financing you need without breaking the bank.
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Expert Guidance: Our team of financial experts will work with you to determine the best loan option for your business and provide ongoing support throughout the term of your loan.
