Working capital loans cover those everyday costs
A working capital loan provides funds to cover 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.
- Covering employees’ wages during slower periods.
Keep something extra in your back pocket
Having working capital on hand also means you have funds to create growth and make the most of any opportunities when they happen. The money is there if and when you need it, and you usually 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. That’s why lenders don’t need you to tell them what you’ll be using it for.
Let’s talk about business loans
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