Working Capital Solutions for Businesses

The modern business landscape ranges from niche startups to mom and pop stores, industrial manufacturers, healthcare providers, franchises, and companies spanning almost every industry imaginable. The one thing all those businesses have in common is the need for working capital. TCF Capital provides accessible, flexible, and scalable solutions for businesses throughout the country. Our working capital solutions can be used for a variety of purposes, including but not limited to:

• Seasonal sales
• Growth plans
• Hiring additional staff
• Marketing campaigns
• Improve purchasing power
• Smooth over uneven revenue cycles
• Purchasing inventory, supplies, and raw materials
• Pay down existing debt
• Cover overhead
• Purchase or upgrade equipment
• Jump on time-sensitive opportunities

TCF Capital offers two popular programs for working capital:

Unsecured Lines of Credit for Businesses

Unsecured business lines of credit are more accessible than traditional lines of credit. At TCF Capital, we understand that businesses may not have the collateral requirements to qualify for traditional lines of credit. Our program is different because no collateral is required, making our unsecured lines of credit accessible to new, small, and established businesses across all industries. Our unsecured lines of credit offer the following features to businesses: 

• Up to $500,000 for existing businesses
• Up to $50,000 for new businesses
• Introductory rates on credit cards as low as 0%
• Large lines of credit with rates between 1% and 5% over prime
• No collateral necessary with good credit ratings and financials
• Fast pre-qualification process
• Guarantees low rates for all approvals
• No maintenance fees
• Higher credit limits are available for growing businesses

Merchant Cash Advance Program for Businesses

Merchant cash advances from TCF Capital offer a flexible and accessible alternative to traditional loans. A merchant cash advance is not structured around credit ratings or collateral. Instead, funding is advanced against future sales. Unlike traditional loans that have rigid fixed payments, a merchant cash advance is repaid from a small percentage of credit card sales, giving local businesses more flexibility without placing a strain on cash flow. Additionally, businesses can use the capital from merchant cash advances for anything they need. Merchant cash advances from TCF Capital feature:

• Financing up to $200,000 per business location
• No credit checks
• No debt
• No collateral necessary
• No fixed payments, equity loss, or closing fees
• Flexible repayment terms
• Minimal paperwork
• No balloon payments

Because there are no balloon payments or prepayment penalties, if businesses want to repay the balance on the advance ahead of schedule, they can do so without triggering unwieldy fees. Businesses of all types use merchant cash advances from TCF Capital to thrive and grow.

Get the Capital Your Business Needs

If your business could benefit from a reliable source of working capital, contact the team at TCF capital today.