What is Working Capital? What are the different loan types SellersFi offers?

Working Capital is one of the most common forms of funding for businesses and is our most popular product line at SellersFi. It’s larger sums of money to be used over time or for large purchases (though, with SellersFi, you have no restrictions on business-use cases for your funds). 
Currently, SellersFi offers two types of Working Capital loans: Credit Limit and Revenue Advance. 
Credit Limit 
SellersFi’s Credit Limit is great for businesses with anticipated but variable expenses. Once you apply, you will be approved for a particular limit of money (as low as $5,000 all the way up to $5,000,000 or more depending on your business). You can draw as much or as little of that limit as you’d like. Each draw is treated as its own term loan, with its own rates and terms (from 3 to 24 months). You can select your terms. In certain circumstances, you can also have an interest-only period (generally up to 6 months). Rates are variable, anywhere from 14.99% to 24.99% APR (dependent on a variety of factors). 
Revenue Advance 
Our Revenue Advance product is essentially a purchase of receivables. Our system will predict your next 3-6 months of marketplace payments (even up to 12 months in some instances) and will advance an agreed-upon percentage of that amount to you straight away. These rates can be as low as 1% per month. 
For questions about these products or what might be the best fit for your business, contact your Account Manager or email our team at customerservice@sellersfi.com.