Working capital is the money that a business holds on hand for its day-to-day running expenses. This includes payroll, buying inventory, operational and marketing costs. It can also cover any downturns in sales.
Working capital is often indicative of a business’ health. But no matter how successful a business is, there will often be times when the cash flow is not flowing as frequently as needed.
Technology means we live on a much smaller planet. While accessing new markets around the globe has many benefits, it can also put a business under extreme pressure. That’s because payments can take much longer to arrive, to then be used to pay for operating costs and accommodate new business. Rapid growth is often cited as a reason for needing a Working Capital loan.
We work with 26 lenders. We know their teams, systems and processes intimately. And we know which type of Working Capital loan will best suit your individual circumstances. Best of all, we can get you a decision really quickly.