Working Capital Loan


Also found in: Acronyms.

Working Capital Loan

A short-term loan to finance day-to-day operations of a business. It is normally a loan for a comparably small amount, and is not used for long-term investment purposes. Rather, it funds immediate needs, such as payroll and accounts payable.
References in periodicals archive ?
Under the terms of the contract, China Development Bank will offer a one-year working capital loan worth USD90m, which will be utilised to support the Company's daily operations.
The court stated that even if the loans from INI were ordinary working capital loan, INI would still be liable because it "had actual knowledge at the time the funds were advanced that a portion of the funds would be used for the specific purpose of paying net wages.
In addition to providing funds for the Working Capital Loan, the New Capital will provide capital in the event the Company is obligated to reimburse the Bank and will generate interest income for future Company operations.
For example, a medical doctor may be a candidate for a $50,000 working capital loan even though the credit report shows a score of only 645 and an outstanding tax lien.
Subject to the procedure is to obtain working capital loan in the form of overdraft divided into three lots, under the following general conditions for all positions:
1 - provision of working capital loan in the form of an overdraft facility with a limit of 8 million bgn for current payments of obligations to suppliers and other operational needs;
He has secured loans for the purchase of the Los Angeles Sparks WNBA franchise and a working capital loan to Chivas USA.
Contract notice: Comprehensive banking service with the launch of a working capital loan account spszoz "psus" no: 28/2015.
Aventura Resorts, a leading developer of upscale motorcoach resorts has received a $500,000 working capital loan from Altus Ventures.
has inked a USD 90 million working capital loan agreement with China Development Bank (CDB).
25 million working capital loan to Chivas USA Soccer ("Chivas USA").
has reached an agreement with China Development Bank ("CDB") for obtaining a working capital loan worth US$90 million.