Contact Paramount Payment Systems Now:1-800-976-9004

Our Business Loans

Achieve Great Things to Help Your Business Grow

Get Funds Fast.

Grow Your Business.

Apply Now.

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Easy application with quick decisions

Our no obligation pre-qualification takes minutes to complete

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Get An Offer

We find the best funding solution for your business

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Get Funded

Financing up to $500k and recieve money in as fast as 24 hours

WHAT IS A WORKING CAPITAL LOAN?

Typical Working Capital Loans tend range from three to 24 months. These loans are often used for specific, shorter-term projects such as purchasing inventory, launching marketing campaigns, short-term payroll coverage or general working capital. Because these loans are not based on collateral, the money can be used as the business owner sees fit to best help their business.

A major benefit of Working Capital Loans is how easy it is to apply for a loan. Applications are usually just a single page, and tend to be very straightforward. They can be completed online, over the phone, by email or via fax. There are certain things you’ll need for non-bank lenders, including:

Your Social Security number

Your Business Tax ID

3 Months Bank Statements

Financial statements (typically for larger loan sizes $100k+)

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“I Don’t Have Collateral” or “I Don’t Want to Put Up Collateral”

Many do not realize that getting a working capital loan through a company like Paramount Payment Systems is simple. Unlike traditional bank loans that require collateral, a Working Capital Loan does not. It is mainly based on a business’ cash flow. Showing that the business is making money is key, and it alleviates a lot of stress of having to tie up property or assets.

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“I Will Not be Approved because of My Poor Credit” or “My Credit is Perfect, I Will Be Approved for any Loan”

Although the working capital industry does approve around 65% of applicants compared to traditional banking’s 20-30%, there are still requirements to be met. They are just different. When mainly focusing on the financial merits of a company rather than personal pitfalls of the signer, a whole new world opens up.

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“I Could Use Funds but I Can’t Wait Weeks or Months for Approval”

Many apply for traditional bank business loans, only to find out months later if they have been approved and when funds will be available; generally 60-90 days. With a Working Capital Loan through a company like Paramount Payment Systems you can receive funds in a significantly shorter amount of time, even as little as 24 Hours in many instances!