I have had a few working capital loans already. Just paid off another one last week. I was told by a rep that it is based on sales from the last 12 months and activity. For example if I apply in April it is based on April 2017 - March 31 2018/ if I apply in May it would look at May 1 2017 - april 30 2018.. The loans have helped us grow tremendously. Our earnings over the current period (if I apply in may) are almost $6k more than prev period (if I apply in april).
I am curious to know if I apply now, and decide not to move forward with the loan....Can I reapply in a week or so (in May 2018) again and will it affect my eligibility for approval because I declined a previous loan that was approved?
Mostly out of curiosity to determine if the time frames really do make a difference in the amounts offered.
