Short Term Funding Solutions for Businesses | Business Finance in Witney

Short Term Funding Solutions for Businesses

Short Term Funding Solutions for Businesses 750 400 Lorna Slee

Short Term Funding Solutions for Businesses | Business Finance in Witney

Most businesses, no matter how well they plan, will eventually be faced with a situation where they need some help with short term funding. A quick injection of cash to help deal with an immediate shortfall that will be resolved within a few months.

There are many reasons that this could happen, most of which fall outside of your control:

  • Perhaps you have a large outstanding invoice with a client who is on 120 day payment terms.
  • Perhaps your tax bill is due but you had to use your savings to purchase new IT equipment after your last computer broke down.
  • Perhaps you have secured an exciting, business changing contract worth £100k but need to invest in £25k worth of equipment in order to fulfil the order.

Whatever the reason, it is important to know that you have a couple of options available to you which will alleviate the immediate crisis and allow your business to continue to operate day to day whilst you resolve the shortfall.

Firstly, there are Unsecured Business Loans available which enable companies with a minimum of 2 years trading history and formal accounts to access funds that they may otherwise have struggled to secure, without having to incur charges over their homes or personal assets.

Secondly, there are Bridging Loans. Whilst historically people have associated these with the purchase of property, they also have a place in the world of business. They can provide a quick fix solution to a short term problem, allowing you to release working capital.

So, whatever your need, why not contact us today to discuss your options and let us see if we can help you. Give us a call on 01993 706403, we’d be delighted to find the right solution for you.

We can provide you with tailored business finance solutions.

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