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WORKING CAPITAL
Working capital is for when your business has unpaid customer invoices that you can’t wait to be paid. You can use invoices to get cash now. Best for businesses with unpaid invoices that need fast funding, which is easier to get approved for compared to other similar options.
Pros:
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Fast Cash
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Fairly simple and easy approval
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Personal Credit is less of a factor
Cons:
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Cost of borrowing may be high
Best for:
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Business owners with personal credit issues
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Businesses with planned projects and measured ROI
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