How Does a Working Capital Loan Work?
Small businesses often face cash flow challenges due to slow-paying clients or unexpected expenses. These loans help alleviate those financial pressures. A common misconception about working capital loans is the approval time. Our funding specialists review and process applications within 24–48 hours of receiving the necessary information. To determine your working capital needs, our team will start with a few initial questions.
Tips to Keep in Mind
Time In Business
What is your business commencement date? This may differ from the incorporation date if there was a setup or establishment period. The length of time your business has been operating—whether under a year or for two to three years—can impact the funding amount available.
Business Bank Account Balance
Lenders require positive balances each month to approve working capital loans. Frequent negative balances or non-sufficient funds in your business statements can hinder approval. To improve your chances, maintain 3–4 months of consistent positive balances before applying.
Bank/Credit Card Statements
We require 4 – 6 months of business bank statements. If your business accepts credit cards, please provide 4 – 6 months of credit card statements as well. This allows us to reconcile deposits with your credit card transactions.
Documents Needed To Apply For A Working Capital Loan
Application form
Business Tax Returns
Bank Statements
Contact Us
Address
Contact
Opening Hours
1460 Broadway, New York, NY, USA, 10036
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1150 South Olive Street, Los Angeles, CA, USA, 90015
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700 2 St SW, Calgary, AB, T2P 2W2, Canada, 19th Floor
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Office: 786-699-7294
Email: info@imperiumfortis.com​
Mon - Fri
9:00 am – 5:00 pm
Saturday
Closed
​Sunday
Closed