GROWTH CAPITAL AND WORKING CAPITAL
At a Glance
Expand your operations or fund an upcoming business with Working Capital Loan.
Best rates
Flexible repayment period
Convenient to apply
Frequently Asked Questions
Everything You Need To Know
General
What is a working capital?
Working capital, sometimes referred to as operating capital or operating expenses (OPEX) is the cash available for the day-to-day, usually variable, expenses of running a business and is a measure of both a company’s efficiency and short-term financial performance.
A working capital loan allows you to continue your daily operations despite an inability to cover ongoing operating expenses. In this way, you can buy time to generate revenue based on existing capital and resources.
What types of working capital loans are available?
- Bank overdraft facility or credit line: Only pay for the interest applicable to the amount of money overdrawn.
- Short-term loans: It carry a fixed interest rate and payment period.
- Equity funding via personal resources or investors: This kind of working capital loan can be a good fit for new businesses without an established credit history.
- Accounts receivable loans: Based on confirmed sales order value of your company.
- Factoring or advances: This type of working capital loan is a good fit for businesses that accept credit card payments.
- Trade creditor: A current or potential supplier will offer a trade credit facility if you have an established history of large orders from them.
How will I know if my application has been approved?