Working Capital

Working capital is a crucial aspect of a business's financial health and refers to the funds available for day-to-day operations. It represents the difference between current assets (such as cash, inventory, and accounts receivable) and current liabilities (such as accounts payable and short-term debt). Working capital serves as a financial cushion that enables a business to cover its operational expenses, manage inventory, meet short-term obligations, and pursue growth opportunities. Sufficient working capital ensures smooth business operations, timely payment to suppliers, and the ability to seize favorable market conditions. Insufficient working capital, on the other hand, can lead to cash flow challenges, missed opportunities, and potential business disruptions. Therefore, businesses need to carefully monitor and manage their working capital to maintain financial stability and support ongoing growth.

Requirements

6+ Months in Business

You can qualify for our top financing options with as little as 6+ months in business.

$5,000+ Monthly Gross Sales

The minimum revenue to qualify for financing options are $5,000 per month, or $60,000 in annual gross sales.

600 FICO Score

We have financing options for all credit profiles. The minimum FICO score required to apply is 600.

Testimonials

"I was worried my less-than-perfect credit score would hold me back from getting the funding I needed, but Beck Financial Solution connected me with lenders who truly understood my situation. They took the time to explain my options and walked me through the entire process patiently. The whole experience was smooth, transparent, and surprisingly quick. It’s great to finally work with a company that puts the client first!"

Marcus T

"The team at Beck Financial Solution guided me through every detail of the financing process and was always available to answer my questions patiently. I felt supported and informed every step of the way, which made a huge difference. Thanks to their help, I was able to get the funding needed to launch my startup on time. I can’t wait to continue growing my business with their ongoing support."

Jessica M

FAQS

Can I get a startup business loan to fund new businesses?

Yes. There are financing options available for businesses, regardless of how long you have been in business, your revenue, or credit score. However, your options will be limited if you have been in business for less than 6 months or have less than $15,000 in monthly gross revenue. Getting a loan for your startup through a bank is unheard of due to strict lending guidelines that require an established record of business and proof of income. Applying with Beck Financial Solution provides you access to a dedicated business financing advisor at no cost to discuss how to get a startup business loan and review other potential business financing options.

What do I need to qualify for a loan?

While requirements can vary, most lenders require you to be at least 18 years old, have a steady source of income, an active checking account, and a valid form of identification. Some may also consider your credit history but bad credit does not automatically disqualify you.

I have bad credit and even a previous bankruptcy. Can you get me funding?

This is one of our most frequently asked questions and the answer is YES! If you have poor personal credit, or even have filed previously for bankruptcy, we can still provide you with working capital. The qualifications are; you have been in business for at least 3 months and your business generates sales in excess of $4,000 per month. In over 90% of cases, if you meet these two requirements, we can provide you with funding!

Does the SBA offer startup business loans?

Yes, the small business administration has financing options for business startups. The SBA offers various startup loans, or you may qualify for one of their investment programs. However, you may find challenges to approve and the time to get funding may not be sufficient. To go through a fast and effortless process for business financing. Complete our 15-second online application. You can then speak with one of our businesses financing advisors to determine If an SBA loan will be the best option for you or if there are other financing options available.

How long does the approval process take?

Typically, approval is within 48 hours after we receive your full application, but it can take up to 72 hours, depending on how quickly you provide the required information, as well as the amount of funding being requested.