Working Capital

We are a resource for business owners to access working capital in a simple, smart way with a rapid-fire turnaround. When you need to smooth out cash flow or take advantage of an expansion opportunity, we are here to offer a short-term funding solution up to $500,000.

Ready to move your business forward?


What is working capital?

Working capital fuels many things. It helps offset a business slowdown. It covers planned and unexpected expenses. It meets short-term debt obligations. And it often ensures a company's future financial health. Whatever your business funding needs are, Good Funding has flexible financing options up to $500,000 with a streamlined decision and funding process.

How you can use working capital

Pay overhead

Working capital can be used for rent, utilities, and vendor services to facilitate day-to-day operations. The ability to pay your current liabilities in full allows your business to maintain healthy relationships with vendors and make your business attractive to investors, banks, and even customers. Working capital helps make ends meet on short-term obligations to keep you moving forward.

Purchase inventory and equipment

Businesses in all industries use working capital to invest in equipment that will streamline workflows and cost less to repair. At Good Funding, we know equipment can break down at any time; that's why we offer next-day funding to ensure your operations get back on track in as soon as possible.

Handle expenses and seasonal shortfalls

If you are a seasonal business, you know to expect ebbs and flows in your cash reserves. Working capital from Good Funding can help you prepare for any season by allowing you to stockpile inventory, hire short-term employees, or stay up-to-date on rental payments in the off-season. Because the funding is entirely yours to do whatever you want with, you can let your working capital accumulate during the heavy season and use that cash to fill in the gaps when needed.

Pay employees and look for expertise

Working capital pays salaries, health insurance costs, taxes, and other expenditures that maintain your employees. It allows you to hire temporary workers, give bonuses for great work, and bring in trainers, business coaches, or speakers to guide and motivate your employees. Simply put, our business funding can help bring your business to the next level.

Funding up to $500,000 in as little as one business day

Here's how:

  • Simple, streamlined application process
  • No hard pull on your credit report
  • Same-day decisions
  • Generous consideration of credit history and time in business

The benefits of working capital

Your company's ability to generate cash is critical to its success. If you don't have enough to see you through the year, or if your working capital ratio is not where it should be, you might think about securing working capital financing to secure cash flow, maintain ownership, and fuel short-term obligations or needs. Some experts might advocate for maintaining low working capital to enhance your investments. That said, there are a number of benefits to maintaining positive working capital.

Stay Afloat in Tough Times

Your accounts payable department has a job to do, no matter what crisis the company faces. With a working capital cash infusion, you'll be able to retain your employees, maintain the quality of your product or service, and make changes to become more efficient even when times are tough. Good Funding is here to help provide you with the funding to keep you secure no matter the challenge.

Grow Your Business

Sometimes your business needs a huge influx of capital to jump to the next level, but often growth is a slow, steady climb. You can use working capital to give yourself the flexibility to invest more wisely, take advantage of new ideas or strategies, buy the latest piece of equipment, or acquire fixed assets to develop that will earn revenue for years to come. Our funding specialists are here to help no matter what stage of growth your business is in or what your goals are.

Acquire Assets that Drive Revenue

With working capital from Good Funding, you can take advantage of opportunities that come your way.

Your business can be flexible enough to buy another piece of property for a second brick and mortar location, expand and develop your team, or take on new market segments.

Even if your current assets and liabilities are manageable, working capital allows you to add new factors without any hiccups in your daily operations.

Stay Afloat in Tough Times

Your accounts payable department has a job to do, no matter what crisis the company is facing. When you have a reserve of cash, or when your working capital ratio is balanced well, you'll be able to retain your employees, maintain the quality of your product or service, and make changes to become more efficient even when times are tough.When times get better, your company will be healthy enough to sprint forward, ahead of your competition.

Grow Your Business

Sometimes your business needs a huge influx of capital to jump to the next level, but often growth is a slow, steady climb.If your current liabilities aren't weighing you down, you can invest more wisely, and take advantage of new ideas or new strategies. You can buy the newest piece of equipment. You can acquire fixed assets to develop that will earn revenue for years to come. Growing your business grows your current assets.If you want to invest or take out a loan, having a positive working capital ratio will reassure the bank or investor that your business will make good on its obligations.

Acquire Assets that Drive Revenue

When you have enough cash, and when your short term obligations are met, you can take advantage of opportunities that come your way.Your business can be flexible enough to buy another piece of property for a second brick and mortar location, or expand and develop your team, or take on new segments of the market.If your current assets and liabilities are manageable, and if you working capital ratio is positive, you can add new factors without causing whole system to come crashing down.

Potentially Buy Out Partners

Not all partnerships last. One partner may want to move, retire, get a new job or invest in a different business. Or you might realize you can't work with the other person.If your company has a poor working capital ratio, you both might feel stuck in a relationship rapidly turning sour. But if your working capital ratio is positive, both partners can decide what's best for them and walk away as needed without leaving a mess behind them.

Stay Afloat in Tough Times

Your accounts payable department has a job to do, no matter what crisis the company is facing. When you have a reserve of cash, or when your working capital ratio is balanced well, you'll be able to retain your employees, maintain the quality of your product or service, and make changes to become more efficient even when times are tough.When times get better, your company will be healthy enough to sprint forward, ahead of your competition.

Potentially Buy Out Partners

Not all partnerships last. One partner may want to move, retire, get a new job or invest in a different business. Or you might realize you can't work with the other person.If your company has a poor working capital ratio, you both might feel stuck in a relationship rapidly turning sour. But if your working capital ratio is positive, both partners can decide what's best for them and walk away as needed without leaving a mess behind them.

Acquire Assets that Drive Revenue

When you have enough cash, and when your short term obligations are met, you can take advantage of opportunities that come your way.Your business can be flexible enough to buy another piece of property for a second brick and mortar location, or expand and develop your team, or take on new segments of the market.If your current assets and liabilities are manageable, and if you working capital ratio is positive, you can add new factors without causing whole system to come crashing down.

Grow Your Business

Sometimes your business needs a huge influx of capital to jump to the next level, but often growth is a slow, steady climb.If your current liabilities aren't weighing you down, you can invest more wisely, and take advantage of new ideas or new strategies. You can buy the newest piece of equipment. You can acquire fixed assets to develop that will earn revenue for years to come. Growing your business grows your current assets.If you want to invest or take out a loan, having a positive working capital ratio will reassure the bank or investor that your business will make good on its obligations.

How To Apply?

1

Apply

Our simple, short application takes just minutes to complete.

2

Engage

Our Funding Specialist will reach out to discuss financing options and your unique business needs.

3

Fund

Once approved, you can receive business funding in as few as 24 hours.

Why Good Funding?

We offer one powerful product that helps trucking businesses drive forward. We know the unique challenges you face today, whether it be driver shortages, fuel costs, or increased demand. We are sensitive to your needs and completely vested in your success. When you require secure, fast, and flexible funding, Good Funding is the good choice - the right choice.

Expertise

Caring Advisors

History Of Trust

Personal Experience

Fast And Easy Application

Lasting Relationships

Frequently
Asked
Questions

What determines how much business funding I can get?

Good Funding focuses heavily on recent revenue to determine funding qualification. We also consider credit history, time in business, and several other factors to determine the right amount of funding for your needs.

Does my business qualify for funding?

If you have at least three months’ time in business and can provide business bank statements, you may qualify for funding. To find out if you qualify, you must apply. It costs nothing. There is no hard credit pull and no obligation to move forward.

How can I use the business funding?

Your funding can be used for any business need: from payroll to hiring to equipment purchases and more. This flexible financing is ideal to help you manage cash flow and move your business forward.

How long does it take for me to get the business funding?

Once you apply and provide all necessary information, we can provide a same-day decision. If approved, you could have funds deposited into your account as soon as the next day.

If I have poor credit history, can I still get funded?

We consider several factors to determine if our product is a good fit for your business. While credit score is part of the decision, less-than-perfect credit is not an immediate barrier to entry. The only way to know for sure is to apply. There’s no hard credit pull and no obligation.

Ready to move your business forward?


What is a working capital loan?

Working Capital is the difference between your current assets, like your sales and inventory, and your current liabilities, like your bills and short term financial obligations. Your working capital ratio, or working capital formula, is calculated by dividing your current assets from your current liabilities to find the amount of cash a company has to complete their operating cycle, meet their financial obligations, and still come out ahead.

How can you use working capital

Cash Flow
Management

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Finance
Equipment

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Business
Expansion

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Hire
Employees

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