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Summary
A working capital loan is a short-term loan that businesses use to cover day-to-day operational expenses, not long-term investments.
- Short-term (a few months up to ~1–2 years)
- Linked to revenue
- Cash based accounting
- Repay as a percentage of daily sales
- No interest, but rather origination fee
- Amortization based on Effective Interest Rate
Status
Under discussion / under design
Who is Involved
- Unknown User (adamsaghy) (original proposal)
Background/Motivation
- Loan management so far was targeting solely end customers, but loan management should provide products for businesses / merchants, where the requirements might be different
- Like: Revenue based, open-ended, fixed fee loans