Working Capital Lines
A working capital line is the daily instrument of the fund, built for the ordinary gap between paying a supplier and collecting from a customer. We size the ceiling against receivables that have already been earned, the cadence of payroll, and the true season of the trade, rather than against a forecast that assumes every month is the strongest month. The operator draws when cash is thin and repays when collections land, so the cost tracks the need. Every line carries a scheduled review, which means a growing book can lift its ceiling on evidence while a quiet quarter can ease it back. There is no penalty for drawing what the record supports and no pressure to draw what it does not.