Smooth your Cashflow Around Seasonal Ups and Downs
Working Capital Loan
When to Choose a Working Capital Loan?
Cashflow for Your Everyday Operations
A working capital loan helps your business pay for your everyday expenses.
These can include rent, wages, debt repayments and invoices from suppliers.
You can arrange this type of loan at any time of year and they are often used seasonally to cover quiet periods of work. A working capital loan for business doesn’t need you to make a specific purchase and it isn’t secured on existing assets, so you are free to use the funds for business operations.
Coates can arrange a loan to pay for your day-to-day costs quickly and easily with our simple arrangement process.
How Does a Working Capital Loan Work?
Short Term Working Capital for your Business
Working Capital Finance Loans Explained
Working Capital Finance is different from other forms of Asset Finance in that it is usually used for short periods of time, usually between six and 24 months.
Arranging a working capital loan couldn’t be simpler. The finance process is the same whatever agreement we arrange for you. Partnering with us means that we can set payment terms to suit your business, with fair interest rates and no hidden charges.
A business working capital loan is a good choice if your work is subject to change throughout the year and you need cash to pay for operating expenses such as wages at quiet times or build inventory in advance of your annual peak.
Interest rates may be higher than for a secured loan due to the shorter payments terms and smaller sums involved.
To meet the criteria for a Working Capital Loan, you must have the following:
An up to date cashflow forecast for the next few months will also help your chances of approval acceptance.
If you have a healthy financial statement, you may not need any collateral to use as a guarantee.
If your company is not so financially strong however, we may need a Director’s Guarantee or a charge over buildings owned by your business.
Working Capital Loans are typically shorter term to help you manage your cashflow. If you need a loan for a specific purchase or over a longer term, speak to us about our other Finance Solutions.
Benefits of a Working Capital Loan
Choosing the Right Loan for Your Business
Lack of cash when you need it can really kill the growth of your business. The Federation of Small Businesses regularly reports on the impact of late payments and how many businesses rely on overdrafts to cover the gap. So it is important to work out when is the best time to seek a working capital loan for business needs.
- You may be a small business retailer whose order pattern is seasonal and you can predict when you will need an injection of cash to pay for the essentials
- You may be a startup who needs a short-term loan to get you started on your venture
- You may be self-employed and want to ensure that you can ride an unexpected downturn in incoming work.
Use the extra money from a working capital loan to keep your business afloat and thriving.
You can even use the money to bolster your credit-worthiness. As a business owner, taking out an affordable loan and proving you can handle the length and cost of your repayments, can give you a good credit rating for the future.
Coates will partner with you to arrange a working capital loan between £5000 and £500,000.
Whether you are a startup, small business or SME, you can get a working capital loan with us within 48 hours.
We help you every step of the way to get the loan that is the right financial solution for your business needs.
Working Capital Loans for Small Business Cashflow Needs
- Supplier costs
- Update equipment
- Bridging payment delays
- Hiring temporary employees
- Advertising and marketing
- Emergency expenses
- Tax payments
- Temporary employees
- Seasonal variability
Our friendly experts will work with you to design the right working capital solution for you. The process will not have you tied up in knots when you work with us.
At Coates Finance we will help you access the working capital you need to purchase the necessary essentials for the growth of your small business through a wide range of funding solutions.
A Quick and Easy Process
How to Apply for a Working Capital Loan
Arranging a working capital loan is a simple and secure process.
If you would like to know whether this type of loan may be available to you, contact us today and our expert team will take you through the process.
There are some minimum requirements you must meet before we can help you find a loan of this type:
- As an applicant, you must be a limited company or limited liability partnership
- Your company must be based in the UK
- You must own a tangible asset of some value to use for security if necessary
- Your company must not have any county court judgements
You can get access to a working capital loan immediately by completing our simple enquiry form below. Our advisors are ready to take you through the application process and get you a quote for your working capital loan within 24 hours.
You can also speak to one of our knowledgeable finance professionals for a FREE consultation.
Apply today and we can process your loan agreement quickly and painlessly. Your funds can be transferred to you in as little as 5 days.
Working With You to Grow your Business
Why Choose Coates Finance?
Start your Application for a Working Capital Loan Today
Partner with Coates Finance
Here is what we need to get started
Fast Working Capital Finance in 3 Easy Steps
Are you ready to partner with one of the UK’s leading asset finance providers?
Our friendly team of experts are waiting to assist you and your company.
We’ll help you find a solution that meets your needs and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the form below and speak to one of our knowledgeable finance professionals, who will answer your questions and guide you through the final steps to a solution that works for you.
Complete the short form below and let’s get started today.
You can also call us on 01904 492851. Our friendly experts will happily answer any questions you may have before you begin your application.
3 steps to success
We'll Help you Every Step of the Way
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will arrange a call to answer any more detailed questions you may have and move quickly through steps two and three to get your financial requirements successfully approved.
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24 – 48 hours
Now you’ve been approved, you can acquire the assets for you require to grow.
Let's Get Started
All you need to do is complete the form and submit your application to get started today