who is a working capital loan for?
cover daily operations with a working capital loan
Taking on new employees, expanding your business premises, relocating or updating product lines can all increase operating costs dramatically. A working capital loan is designed to allow a business to access funding for daily operational costs such as paying staff wages, paying utility bills or rent.
It can help by allowing you time and breathing space to grow your business and is not generally intended for large purchases or the procurement of long term assets.
If you are a small or medium business in need of a working capital loan, Capitalise can match the most suitable lender to your specific requirements with our free, no obligation service. We work with leading institutional lenders who specialise in working capital loans.
Capitalise can match the most suitable lender to your specific requirements with our free, no obligation service. We work with leading institutional lenders who specialise in working capital loans.
why a working capital loan?
When short term funding is required quickly, a working capital loan could be the answer.
Unlike traditional bank loans, a working capital loan is an easy, hassle-free way to access capital for business expenses. Many small and medium business owners have found this method of lending suitable to their needs.
It could help by allowing you time and breathing space to grow your business and is not generally intended for large purchases or the procurement of long term assets. It could also allow you the time to focus on what really matters and give your business the best possible chance of succeeding.
Working capital loans can be a suitable way to access capital for your business.
Features of a working capital loan
No requirement to specify the loan's purpose
Loan is paid out in days of approval
Customised to your business model
Frequently asked questions about working capital
This type of financing can be used for a variety of purposes (marketing, hiring new employees, expanding your office space, etc.). It can also cover unexpected losses that have reduced or depleted your cash reserves. If you're looking for quick, short-term financing, a working capital loan is a great choice to consider.
No collateral required. If your business has a good credit history, you can qualify for an unsecured loan that won’t require you to use your business, inventory, or anything else to secure the loan.
Shorter term financing. Working capital loans are designed to infuse money into your business on a short-term basis, which means you won’t have to plan for years of monthly payments.
Get fast cash. A working capital loan is a great way to quickly get money without the hassle of a traditional bank loan. Receive cash almost immediately, usually within a few days of your application being accepted.
Many loans will require some type of collateral for the lender. The guarantee may be something like a building, inventory or even your home. The amount of collateral needed varies since lenders will look at information such as your credit rating and your repayment history to determine your creditworthiness. If you qualify for an unsecured working capital loan, you may be offered a higher interest rate, which typically starts from 6% depending on your creditworthiness, since these loans are more risky for lenders. Finally, working capital loans are meant to be short-term solutions, so this type of loans isn't a good fit if longer repayment terms are required.