A working capital loan is business financing used to cover day-to-day operating expenses—such as payroll, rent, inventory, and vendor bills—rather than long-term assets like real estate. You receive a lump sum and repay it over a fixed term, usually with daily, weekly, or monthly payments. This is different from a business line of credit, which provides a revolving spending limit
Quick MCA Requirements for 600 Credit Score (One-Screen Summary) Bank denial is common. Banks underwrite based on fixed-payment affordability and often require higher credit scores, collateral, and tax returns. MCAs are primarily revenue-based. If your credit score is around 600 and your deposits are steady, your bank statements—not your FICO—usually determine whether you’re approved for an MCA and what it
Same-week MCA funding is usually a documentation and verification issue, not a credit-score issue. Your deposits and trends matter more than your FICO. Understanding the difference between approval, contract signing, and funding disbursement is critical.
Approval means an underwriter reviewed your statements and offered terms. Contract signing means you agreed to the factor rate, holdback, and total payback. Funding
If you need financing for your business in 2026, understanding current SBA loan interest rates can save you thousands of dollars. In 2026, SBA 7(a) interest rates are generally priced as a base rate (usually Prime) plus a lender spread, with SBA-set maximum caps that depend on loan size and whether the rate is fixed or variable. This guide provides
How a Business Line of Credit Works Picture this scenario. You’re approved for $50,000. Two weeks later, you draw $12,000 to cover payroll. Interest starts accruing on that $12,000 immediately, but your available credit still shows $38,000. When you repay $5,000 next month, your available credit will increase to $43,000 without reapplying. That’s the core mechanic of revolving credit. A
