Tax payments are known in advance and still catch businesses short. They arrive in lumps, they come due on fixed dates and they do not wait for your customers to pay.
Apply Now →| Type | Why it can catch a business short |
|---|---|
| Sales tax collected from customers | The money was collected but spent on operations in the meantime |
| Payroll withholding | Withheld from employees and owed to the government, so it is a priority obligation |
| Estimated income tax payments | Quarterly lumps for owners who are not on payroll |
| Property or other local taxes | Large, scheduled payments tied to a property or location |
| A balance owed after filing | A one-time bill larger than expected |
Due dates and rules vary by tax and by situation. Confirm yours with the relevant tax authority or an accountant. We cannot give tax advice.
Tax agencies often have payment arrangements for taxpayers who cannot pay in full by the due date. Whether one is available, and what it costs in interest and penalties, depends on the tax and the details. Filing on time, even if you cannot pay everything, is typically better than not filing. A CPA or enrolled agent can tell you what applies. Do this before comparing outside funding, since an agency plan can sometimes be cheaper or more flexible than new debt.
A restaurant owes $24,000 in sales tax it has already collected, after a slow quarter ate the cash. If a funded amount clears the bill and the restaurant's monthly cash flow can carry the new payment, the owner avoids late charges and keeps good standing. If monthly cash flow is already negative, the new payment will only add to it. The result depends entirely on the business's numbers, which are invented here and are not our terms.
Many owners avoid a repeat by moving collected sales tax and payroll withholding into a separate account each week. Money that is never in the operating account is hard to spend by accident. It takes a few minutes a week and removes most of the surprise.
We fund $25,000 to $5,000,000, funded in as little as 24 hours. FICO 500+ is considered. We typically review about three months of business bank statements and do not require tax returns. The credit pull is soft, the application takes about five minutes, and sole proprietors can apply. Begin at the application page.
State the purpose in your application. Working capital is generally used for operating needs.
No tax returns are required for our application.
Often, yes. Ask whether a payment arrangement is available before comparing options.
Sole proprietors can apply.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
