Finance Guide: Working Capital22nd September 2015
Working capital is essential to any functioning business. It is calculated as the amount of a company’s assets minus the amount of a company’s liabilities. Without working capital finance, it’s impossible for a business to grow and prosper. There are many ways to increase working capital:
- Invoice finance, a cash advance based on a business’ unpaid invoices. A business will, in effect, sell its unpaid invoices to the finance provider, who will advance a percentage of their value in cash.
- Asset finance, a way of advancing money on physical assets a business owns. Certain assets, such as machinery, vehicles, and equipment, can be refinanced, meaning a finance provider will advance an amount of money to the business based on the asset’s value.
- Property finance, including short-term loans to fund development projects that allow a business to grow.
- Traditional unsecured cash advances
Rangewell’s innovative online portal has mapped the entire market of SME finance in order to provide small businesses and their advisors with funding options tailored to their specific needs. If you’re interested in raising working capital, we’ll use our extensive market map, comprising over 200 business lenders and thousands of loan products, to connect you to whichever option suits your situation best.
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