Many businesses need financing help for working capital at some point. However, it can be challenging to obtain the necessary funds.nnTraditional lenders like banks and credit unions have stringent qualifications. You'll usually need two to three years in business, high annual revenue, and a high personal credit score.nnIt can also take a long time to close and fund a traditional business loan from a bank. It could take one to weeks to get approved and then an additional few weeks to receive the funds. That timeline doesn't work for many businesses when faced with an urgent working capital need.nnFortunately, alternative lenders and lending marketplaces, like UCS, can offer quick approvals and fast funding. Online lending platforms offer convenient online applications with minimal documentation and lower qualifications.nnThe rates for working capital loans from alternative lenders may run higher than traditional financing. However, those costs could be worth it if you need urgent funding.nnWorking capital loans through UCS's lender network offer the following features:nnMax funding amount: $1k - $5 million.nFactor rates: Starting at Prime + 2.75%.nTerm: 3 months – 10 years.nSpeed: 1 – 10 business days.nnApproved businesses we work with typically meet the following minimums:nnCredit score: 550+.nTime in business: 2 years+.nAnnual revenue: $180k+.nnHowever, some working capital funding options, such as merchant cash advances or invoice factoring, only require a few months in business. Other working capital loan options include business term loans, business lines of credit, and SBA loans.