A Working Capital Loan or WCL for short simply means a short-term loan that is used for financing a company's everyday operations. These loans are usually not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company's short-term operational needs.
Some lenders may call it a business term loan even though a term loan simply means a loan where the lender provides cash upfront and receives that money back through a series of smaller payments over a fixed certain amount of time(term).
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