A working capital loan is simply to aid working capital and therefore increase cashflow. These loans can be used for any day-to-day business expenses were flexibility is required as they can be set to increase or decrease as and when there is a requirement. Working Capital Loans are typically shorter-term and do not require collateral, making them faster and more accessible.
Apply TodaySecured loan's are typically secured against asset's like property and up to 5 years in length, Once secured the funds can be used for any manner reasons, as long as business related. Generally secured loans depending on circumstance are cheaper than unsecured which is why most businesses have this type of loan. These can work along side mortgages and bridging loans already in place. Unsecured loans are typically higher interest than secured, however the term can still be up to 5 years, these are normally only available to established business's with strong credit rating.
A Merchant Cash Advance, ("MCA"), is a financial solution providing business's with instant available funds. MCAs are not based on credit scores rather the strength of your business's revenue and card transactions. MCA's are a quick and efficient way to fund a business.
Apply TodayAsset finance involves obtaining funding for the purchase of asset's, or refinancing of assets. Generally over 3,4 or 5 years. Asset Finance differs from a loan as the borrower does not own the asset until the end of the term once all payments have been made, deposits can be asked for. When the interest can vary depending on the type of asset being paid for or refinanced.
Business's can receive funds quickly and constantly, Invoice Finance gives acces to exactly that, allowing the release of funds tied up in your invoices within 24 hours, your clients are not aware of this type of finance, with factoring they are aware as the factoring provider is involved in the invoice process.
Apply TodayFactoring is a cash flow funding solution. It releases an agreed percentage of unpaid invoices as soon as the invoice is raised (usually within 24 hours). The key factors in deciding your prepayment value are your sector, your revenue, and your business profile. There are fees involved in Invoice Financing.
With financial uncertainty around the world stakeholders must protect there interests and work with long established, trusted organisations to be assured of security.
