Cash Flow Loans
What is Cash Flow Finance?
Cash Flow Finance is a type of business funding whereby a loan is provided according to a company’s expected cash flow.
Why Choose Cash Flow Finance?
Cash Flow Finance is an attractive option for businesses looking to get a quick sum of money in a short space of time, to be spent on any business purpose.
How it Works:
Cash Flow Loans work in a similar way to traditional banking overdrafts or credit cards. They are short term revolving credit line facilities with a term of up to 24 months.
Cash Flow Loans at a Glance
Eligibility:
Businesses trading at least 6 months with a minimum turnover of 10k per month.
Loan Amounts:
Loans from £10,000 - £200,000
Turnaround times:
Receive funds in as little as 24 hours.
Loan Terms:
From 1-24 months
Repayment terms:
Daily, Weekly and Monthly options available.
Interest Rates:
From 0.5% per month
No early repayment costs
What are Cash Flow Loans?
Cash flow loans, or cash flow finance, are typically short-term unsecured facilities up to 24 months in term. They can be used for financing everyday cash-based business operations. Due to their short-term nature, cashflow loans are generally available to businesses that have been trading for as little as a few months, and approval is often based on the affordability and the current financial position and performance of the business as demonstrated in the business bank statements and latest financial accounts/cashflow forecasts.
Who is eligible for a Cash Flow Loan?
Cash flow loans are suitable for many business profiles, however they are the most commonly available for newer businesses who may not have been trading long enough to provide filed accounts required other types of commercial finance. They can also cater for larger firms who are looking for a loan to expand and advance their business activities quickly, in pursuit of making more profit.
No personal guarantees are required, but lenders will want access recent banking statements and your credit score.
Our experts will be able to quickly establish your eligibility by conducting a few standard assessments. To check if you are eligible please get in touch with our team today.
What are the benefits of Cash Flow Finance?
Access to funding quickly: A key benefit of cash flow funding is that it can be arranged quickly, with minimal paperwork and funding received in as little as 48 hours from initial application. This makes it the perfect solution for companies facing unexpected equipment costs, bills and invoices, or limited time growth opportunities.
No security required: Unlike secured types of finance (which require assets for collateral), cash flow loans are issued according to affordability, taking into account your company’s previous, present and future cash flow. No personal guarantees are required.
Flexible: Cash flow loans are relatively flexible allowing you to access draw down funds instantly, and you only pay for the amount you have borrowed, which will be within your agreed credit limit. There are no penalties for early repayment, and cash flow loans may also be used in tandem with other existing credit line facilities.
For any business purpose: Cash flow loans can be used for financing everyday cash-based business operations, for example paying bills or salaries, purchasing equipment, or buying more inventory.
How do Cash Flow Loans work?
Cash flow loans work similarly to traditional bank overdrafts or credit cards. They are short term revolving credit line facilities with a term of up to 24 months, and include monthly interest rates that range from between 1.1% up to 6 % per month. The flexibility of this type of facility means you can draw down funding quickly and as required, within your agreed limit. It also means you only pay for what has been drawn down until you pay it back. And there are no penalties for early repayment.
With this type of financing you are effectively borrowing against money you are expecting to receive in the future. It will be approved based on your company’s projections and overall performance and is paid back with the incoming cash flows of your business. To find out more if cash flow finance is the right solution for your business, please get in touch with our team of experts.
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One benefit is that you can gain quick access to capital because funding can be arranged within as little as 24 hours of applying and for this reason, they are a great option for short term working capital requirements. However, our specialists will handle this transaction for you, ensuring you successfully obtain a profitable business loan.
No personal guarantees are required, and you only pay for the amount you have borrowed, which will be within your agreed credit limit. In addition, cash flow loans are relatively flexible allowing you to access draw down funds instantly, and with these funds they often be used in tandem with other existing credit line facilities.
They are often short-term unsecured facilities up to 24 months in term that are used for financing everyday cash-based business operations. Due to the short-term nature cashflow loans are generally available to businesses that have been trading for as little as a few months and approval is often based on the affordability and the current financial position and performance of the business as demonstrated in the business bank statements and latest financial accounts/cashflow forecasts. It’s also the most widely available option for newer businesses who may not have been trading long enough to provide filed accounts.
With a cash flow loan, you can expect to expand your business and advance in general working capital expenses, as well as incoming revenue, this especially during quieter periods where the company isn’t seeing a high conversion rate. Depending on the size of the loan and the lender, this can positively impact your businesses finance, from paying HMRC debt to dealing with payable accounts, the possibilities are truly endless.
In addition, if you have received any unexpected equipment costs, bills and invoices, a cash flow loan could be the perfect option for you. They are short-term funding solution that allows you to get your hands on a considerable amount of money instantly. As well as this, they can also
help the development of your company. Whether you are looking to hire new members of staff to help increase revenue, or you perhaps you need some assistance when paying sizeable wages for existing employees, this type of financing can help facilitate capital for substantial payments.
What is a Cash Flow Loan?
Cash Flow Loans work very much in the same way as a traditional banking overdraft or credit cards. Short term revolving credit line facilities with a term of up to 12 months, include monthly interest rates that range from between 1.1 up to 6 % per month. The flexibility of this type of facility means you can draw down funding quickly and as required within your agreed limit. It also means you only pay for what has been drawn down until you pay it back.
With this type of financing you are basically borrowing against money you are expecting to receive in the future. It will be approved based on your company’s projections and overall performance and is paid back with the incoming cash flows of your business.
Choosing a cash flow loan will be most beneficial for businesses who require an upfront investment which will result in an increase in profit and revenue. Ensuring you choose the most suitable and appropriate loan which matches the aims of your business is so important so doing some extensive research before deciding is highly recommended.
Unlike secured finances, which require assets for collateral, they are issued solely on the basis of your companies previous, present and future cash flow. Therefore, they’re a type of unsecured finance that is typically used by smaller businesses, however they can also cater for larger firms who are looking to utilise their loan in order to expand and advance their corporation in pursuit of making more profit.
Our experienced financial experts can quickly and efficiently secure a business loan for your company, ensuring that your businesses finance remains stable and therefore allowing you to make a substantial turnover. The first-class, reliable and high-quality service that we offer can secure any company a cash flow loan no matter its circumstances, and if we feel that you are not eligible, our experts will suggest more profitable funding options.
Benefits:
- Applications can be approved and funds in your account within 48 hours
- No assets required for security
- Quick and simple application process with minimal documents required
- Flexible with no early repayment costs meaning you only pay for what you use
- Can be used for any business purpose
- Based on affordability, Ideal for businesses with little trading history or no financial accounts
Are you eligible for Cash Flow Loans?
Our expertise will help you quickly and efficiently arrange and secure a cash flow loan to maintain your companies finance. Therefore, if you feel that you are fully entitled and eligible to receive this type of financing, we will need to carry out some standard checks and have access to some information regarding your previous credit history in the form of bank statements. These credit checks are undertaken for any business enquiring for a loan and is a compulsory part of the onboarding process.
However, if we have assessed your financial circumstances and feel that it is not viable for your company, don’t worry, we will advise other funding options available for you so you can make a profitable decision. You must attain the general requirements in order to confirm your suitability. For more information about cash flow loans, we recommend getting in touch with our team of professionals who obtain a wealth of knowledge within the business funding industry. To receive a free quote, visit our website today and one of our team will get back to you.