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Working Capital

Keep daily operations moving.

Support payroll, inventory, supplier payments, and seasonal expenses with capital evaluated against the business operating cycle.

Explore Working Capital
StructureVaries by structure
Typical useDay-to-day operations
RepaymentDepends on the structure used
CollateralVaries
How it works

The Cash Conversion Cycle.

1Vendor

You pay suppliers on their terms.

2Inventory

Cash sits in stock or work in progress.

3Payroll

Labor is paid before revenue lands.

4Customer

You deliver and invoice on net terms.

5Cash

Payment finally arrives, closing the loop.

Working capital funds the gap between step 1 and step 5.

Working capital

Keep Day-to-Day Operations Moving

Cover inventory, payroll, seasonal demand, and everyday operating expenses with capital structured around your revenue cycle.

What working capital covers

Working capital financing supports the operating costs of running and growing a business. Depending on the business profile, working capital can be provided through different structures, so we review your needs before pointing to a fit.

Where the funds can be used

  • Payroll
  • Inventory
  • Vendors
  • Marketing
  • Repairs
  • Seasonal needs
  • Expansion
  • Cash-flow gaps
  • Project expenses

How the financing is structured

Working capital can come through a line of credit, a term structure, or other programs depending on revenue, cash flow, and objectives. The right structure depends on how and when you expect to use and repay the funds.

Structure, amount, and terms depend on the business profile and are subject to underwriting and approval.
Underwriting focus

What a Working-Capital Review Considers.

Not every factor applies to every request, but these are the areas that commonly shape a decision.

Revenue & cash flowHow consistently money moves through the business.
Operating historyTime in business and track record.
Existing obligationsCurrent financing and debt service load.
Credit profileBusiness, and where applicable personal, credit.
CollateralAvailable assets or equity, where the structure uses them.
Use of fundsWhat the capital is for and how it supports the business.
Banking activityDeposits, account activity, and recent business statements.
IndustryThe business model and the industry it operates in.

Typical situations

  • Payroll and vendor payments
  • Inventory and supplies
  • Project mobilization costs
  • Seasonal build-up
  • Receivable gaps
  • Marketing and repairs
  • Keeps operations moving through timing gaps
  • Can be delivered through several structures
  • Often faster than long-term financing
  • Working capital is a use of capital, not one single product
  • Match the structure to the need and repayment ability
  • Short-term structures carry different costs than long-term ones

Working capital can be met by a line of credit, term financing, revenue-based structures, or bridge capital depending on the business profile and how the need repays.

Before you apply

Map Your Operating Cycle

  • Vendor payment terms and inventory lead times
  • Payroll timing and headcount
  • Customer payment terms and average collection days
  • Recent deposit and banking activity
Related liquidity structures
FAQ

Frequently Asked Questions

Capital for everyday operating and growth expenses, such as payroll, inventory, marketing, and timing gaps. It is a use of capital that can be met through several structures.
Lines of credit, term financing, and revenue-based structures can all serve working-capital needs, depending on the business and how the need repays.
Timelines vary by program and by how quickly requested information is provided. We are transparent about what a given path involves.
Usually not. Working capital suits near-term operating needs; a large, long-horizon investment is often better matched to term or SBA financing.

Have a question about your business? Start a financing request and our team will follow up.

LIVC Business Intelligence

Review the terms behind the decision.

Product structures, repayment considerations, and dated policy updates in one place.

View relevant research

Put the working-capital need in focus.

Provide the amount, timing, recent revenue, and current business obligations.

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