Answers to your business loan questions.
Backed by the financial strength of Chesswood Group Limited, a publicly traded specialty finance enterprise on the Toronto Stock Exchange (TSX:CHW), WINDSET® provides working capital loans to small businesses across the country. WINDSET's officers have over 76 years of experience in financing small businesses; Windset Capital Corporation understands the borrowing needs of today's small business loan market.
WINDSET™ considers business loans from $5,000 up to $100,000.
Loans procurred through WINDSET® may be used for almost any business expense, from purchasing inventory, paying accounts receivables, facility expansions and new equipment, or simply working capital.
All loans are paid by convenient ACH from your business checking account every business day, specifically tailored to be quick, easy, and accommodating to your cash flow. Your loan is not a merchant cash advance so there is no impact on how you receive and manage your credit card receipts and processing.
If you own your business (sorry, WINDSET CAPITAL® does not provide consumer loans), have been open and in operation for at least one year, have annual revenues of at least $125,000, and are located in the U.S., you are eligible. Some industries and geographic restrictions may apply.
Yes. Like any business loan, the owner's personal credit will be part of the application and approval process. However, unlike many traditional sources of financing, challenged credit is not an automatic disqualifer!
Yes! Our experienced underwriting team knows that an owner's credit score is not always an accurate reflection of their business, so they take into account other important factors such as time in business, annual revenue, effective cash management and previous lease or loan experience.
Yes! WINDSET® has been able to help many small businesses throughout the country that have already been denied for more traditional bank or equipment leasing & business loan financing.
Signed simple credit application listing all owners and annual revenue. Previous six months of complete bank statements and last year's tax return.
We can usually get your business loan approved in less than a day.
Loans usually fund same day as receipt of your signed loan documents, with funds wired directly to your business checking account.
Windset Capital offers two different payment structures, daily or weekly. (Some restrictions apply for weekly) All daily business loans will be drafted by ACH on each business day beginning on the third business day after the loan amount is disbursed. All weekly loans will be drafted by ACH on each Tuesday, beginning on the Tuesday of the first week following the week after the loan amount is disbursed.
Yes! Once you have paid down approximately 50% of your current loan you will be eligible for additional financing. You can even pay-off your more expensive MCA loan from your loan from WINDSET®.