Cash is King – Working Capital Loans & Facilities

If you need some extra cash in your business to help you through a short term deficit, or need a long term solution to managing your cashflow more effectively, we can help you to identify , and apply for, the right financial solution for your needs.

We work with a range of lenders who specialise in providing cashflow solutions to growing small businesses throughout the South West. If you find yourself short of funds and short of time, don’t worry, many of the lenders we work with can offer an instant decision and can deposit the funds in your account within 24 hours.

There is a huge variety of different funding solutions that can help support your cashflow, including working capital loans, revolving credit facilities, and invoice finance, to name a few. It can be difficult to know which is the best option for your business. The answer depends on a number of different factors including, your industry, your turnover, your customers, and how you accept payment from them. By working with us, we can help you find the best solution for your business at the most affordable rates.

Let’s take a closer look at working capital loans as one example of a solution that can support your cashflow. These are short term loans that allow you to borrow from £1,000 to £500,000, to support your cashflow in times of need.  Loans can usually be borrowed for a time period of one day to 24 months, and allow you to repay flexibly at any time.

Interest is charged monthly, and you only pay interest for the amount of time you borrow the money. Most working capital loans start at around 2% interest per month and some are interest free if paid within 30 days. Often when a certain portion of the loan is repaid, you can apply again and drawdown more funding if needed.

Cashflow solutions are really useful to help small businesses through a shortfall in cash to allow them to cover any short term obligations and outgoings. Recently we have supported a variety of small business access cashflow solutions, including a £130,000 Working Capital Loan to support the cashflow of a fast growing haulage company during a busy period and a £17,000 Revolving Credit Facility Invoice Finance facility to support a medical supply company through a short term cash deficit.

Could you benefit from a conversation about cashflow? Contact us today to discuss your needs and explore options.