Working Capital

Working capital finance is a loan that helps you take care of your business by taking care of more immediate and day-to-day costs.

Like the name suggests, having this type of financing means you have the capital to cover vital costs like ensuring cash flow, paying suppliers on time, or covering employees’ wages during slower periods. Just as importantly, it also means you can have funds at hand when you need them to create growth and make the most of any opportunities when they happen. The money is there, if and when you need it, and usually you only start repayments when you’ve drawn down on it. Unlike other more specific business finance products, working capital loans can be used for many different purposes.

Secured or Unsecured.

  • Some loans require collateral like your business assets, inventory or even your own home or commercial property as security. However, unsecured loans are still available. The great thing about this is you don’t have to bet your house on your businesses success. The main thing to remember is that because of the short-term nature of working capital finance, the interest rates and fees can be higher. At the end of the day, good business finance should help your growth, not hinder it and we’re here to help you find the right solution.
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