A cash-flow problem, not a purchase
Working capital is a sum to keep the business running: payroll, rent, supplier bills, insurance, a missed week of deposits. It does not fund an asset; it funds the time between costs and revenue. We fund $25,000 to $5,000,000, with funding in as little as 24 hours once the file is complete, and we consider FICO 500 and above.
Where Ontario businesses feel the gap
Wikipedia lists Ontario at 175,265 people (2020 census) across about 50 square miles, 35 miles east of downtown Los Angeles and 23 miles west of downtown San Bernardino. The airport, which Wikipedia ranks 8th in the country by cargo carried, anchors a web of businesses that handle goods for other people. The older parts of the local economy, citrus, vines and olives, left behind a mix of small agricultural and food operations as well.
What these have in common is a payment cycle. A shipper or distributor pays 30, 45 or 60 days after the work is done. The cook, the driver, the mechanic and the landlord do not wait that long.
Walk through a month
- The firm completes $40,000 of work on the 1st; payment is due on the 15th of next month.
- Payroll of $14,000 goes out on the 15th and the 30th.
- Supplier bills of $8,000 come due on the 10th.
- By the 20th the account is short even though the month is profitable.
That is a working-capital problem, and the arithmetic is illustration only, not our terms. A sum that covers the gap lets the firm pay people on time and take the next job.
Compare the nearby options
For repeated draws, a line of credit may suit better. For repayment that follows sales, see revenue-based financing. For one defined project, term loans. A new business can start at startup funding. Regional context: Inland Empire business funding.
Planning the next quarter, not just the next payroll
Once the immediate gap is handled, map the next three months: when large invoices are due, when big bills hit, and which customers pay slowly. A simple weekly sheet with money in and money out reveals the next tight week before you reach it. That is cheaper than discovering it on the day payroll is due, and it helps you ask for the right amount if you apply again.
Apply
Bring about three months of business bank statements and a sentence on what the money covers. No tax returns are required, the application takes 5 minutes and the credit pull is soft. Sole proprietors can apply. Apply here.