These two methods, however, are not always right for small businesses as they can often depend on the company having valuable assets and a sufficient cash flow in place to be eligible.
Alternative financing methods, such as an unsecured business loan, could be much more suited to your SME. They don’t require you to already have large sums of money in the bank and are much more accessible to UK small businesses.
Alternatively, a business cash flow loan could help your business start to build its cash reserve within around 24 hours of application. This short-term cash injection will help your small business put cash away in the bank, giving your business a secure safety net. These work especially well for seasonal businesses – particularly those that are coming up for a busy month and don’t have confidence in how much cash they have in the bank.
At Capify we offer a range of business loans to help support your business through high and low periods. Check to see if you’re eligible for one of our loans with our online eligibility checker. Or, if you’d prefer to talk to a member of our team, we’d be happy to guide you through the process. Give us a call today on 0800 151 0980.