WORKING CAPITAL LOANS

Working Capital Loans for Small and Mid-Sized Businesses

Working capital is the cash that keeps your business running between paying your bills and getting paid. When payroll, inventory, rent or a large order comes due before your customers pay, a working capital loan closes the gap. With one application, Clear gives you access to merchant cash advances, short term loans and lines of credit from 100+ lenders, with up to $5 million available and funding in as little as 1 to 2 days.

Apply for Working Capital

Working Capital Loan Calculator

Amount Seeking
Desired Term
Estimated Weekly Payment
$0
500,000
Start Application
Funding up to
$5,000,000
Term lengths between
3 - 36 months
Funding within
1 - 2 Days
Time in business
6 months+
Cover Cash Flow Gaps
Make payroll, restock inventory and pay suppliers while you wait on customer payments
Flexible
Use the funds for any business purpose, from filling a large order to covering an unexpected repair
No Collateral
Merchant cash advances and short term loans require no collateral

What You Need to Get Started

Minimum Qualifications

6 months in business

$250,000 annual revenue

500+ FICO score for a merchant cash advance (600+ for a short term loan)

Required Documents

Completed Application

3 most recent business bank statements

Ready to Get Started? Apply Now

One of my major vendors was slow to pay and I was having a hard time making payroll. Clear was able to quickly get me approved for a merchant cash advance. The terms were much better than I found elsewhere and I had funds in my account the very next day. Thank you Clear!

Stephen T CFO

Working Capital Loan FAQs

Financing by industry: Construction companies · Medical practices

A working capital loan is short-term financing used to cover everyday operating costs like payroll, rent, inventory and supplies, rather than to buy long-term assets. At Clear, most working capital is funded with a short term loan or a merchant cash advance. A line of credit works well if you want funds on standby.

Short term loans go up to $5 million, merchant cash advances up to $2 million and lines of credit up to $250,000. The amount you qualify for is based mainly on your monthly revenue and bank deposits.

Merchant cash advances and short term loans can fund within 1 to 2 days of approval, and it’s not uncommon for clients to receive funds the next day. You typically need only a completed application and your 3 most recent business bank statements.

For a merchant cash advance: 6 months in business, $250,000+ in annual revenue and a 500+ FICO score. For a short term loan: 6 months in business, $250,000+ in annual revenue and a 600+ FICO score. For a line of credit: 12 months in business, $400,000+ in annual revenue and a 650+ FICO score.

A short term loan offers up to $5 million over 6 to 36 months with interest from 11%, and generally needs a 600+ FICO score. A merchant cash advance is our easiest product to get approved for (500+ FICO) and offers up to $2 million over 3 to 24 months, priced with a factor rate from 1.14 instead of an interest rate. Your Clear loan advisor can compare offers side by side so you can choose.

Short term loans have interest rates from 11%, and lines of credit from 6.99%. A merchant cash advance uses a factor rate from 1.14 instead of an interest rate. For example, if you receive $20,000 at a factor rate of 1.15, you repay $23,000, so your cost of money is $3,000. Use the calculator above to estimate your payments.

No collateral is required for a merchant cash advance or a short term loan. If your business has significant equipment, inventory or receivables, an asset-based loan can use them as collateral for up to $10 million at lower rates, though underwriting can take up to 90 days.

Merchant cash advance payments are made daily (Monday to Friday), weekly or semi-monthly by automatic ACH withdrawal. Short term loan payments are weekly or monthly. With a merchant cash advance, payments are normally tied to a percentage of your sales, so if revenue drops you can usually ask to lower the payment.

Clear is a business loan marketplace with 100+ lenders. One application lets you compare working capital offers across products, and a dedicated loan advisor helps you choose the terms that fit your cash flow. See how we help construction companies and medical practices.