Working Capital Loans:

Does AdvisorLoans help advisors with working capital loans?

Yes. Working capital is the easiest to get when added to an acquisition loan. For straight working capital loans we typically run through as a SBA loan. Most conventional lenders we work with do not approve straight working capital loans.

What are working capital loans typically used for?

For advisors, the most common purposes are: hiring, payroll, marketing, and advertising. Other eligible working capital purposes include technology and system upgrades, office renovations, and office furnishings.

What are the loan amounts for working capital loans?

Most straight working capital loans with justifiable purposes can go up to $500K on the SBA side. Working capital loans over $500K are heavily scrutinized by lenders. When working capital is being added to an acquisition loan it is typically not difficult to add 5% to 10% of the purchase price as working capital if there is a demonstrated need for it.