Working Capital Loans
Working Capital Loans
Getting essential capital is key for any business looking to take their operations to the next level. But at Time Finance, we know it can be difficult for SMEs to find the funds they need while dealing with the day-to-day, which is where a loan for working capital can help.
Whether that’s to smooth over a cash flow situation or operational expenses, invest in additional equipment, or simply enjoy the flexibility of a capital solution, they can do it all – without dipping into existing savings.
At Time Finance, our goal is to understand the challenges and opportunities facing businesses. That’s so we can help intermediaries find the best financing options to support their clients and make great things happen.
So if your client is considering a capital financing solution to help them grow, expand or simply keep things moving, we can help.
We’re proud to support over 10,000 UK businesses every year, offering the best type of loan for their unique needs. As no two enterprises are the same, we can tailor capital business loans that go the extra mile through a fully collaborative approach.
Through our flexible, secured capital loans, we offer businesses a finance solution that can keep pace with their growth plans – even if their needs change over time.
With the freedom to progress plans without sacrificing savings or having to slow everyday operations to offset costs, a secured loan can provide your clients with £50k to £500k of incredibly useful capital.
Secured against collateral, usually property, we’re able to offer finance on either a short or long-term basis, with monthly repayments to help SMEs budget effectively.
If you would like to become an intermediary with Time Finance or want to explore our alternative funding solutions, get in touch with our friendly team today.
So what are capital loans for businesses?
Traditionally, a working capital loan is a common type of finance taken out by a company for a number of different reasons.
More often than not, it’s utilised by businesses looking for extra working capital to help them expand operations, buy new equipment or simply maintain cash flow throughout the day-to-day running of their business.
It is often used to buffer short-term financial needs for long-term benefits, but unlike some solutions, such as Asset Finance, it isn’t limited to a single purpose.
At Time Finance, we offer Secured Loans to help your clients access positive working capital, whether they want to support current or future plans.
In many cases, secured loans are a great way for businesses to get funding.
However, a company’s unique situation, goals, and even the pace at which they want to grow all factor into selecting the right financial product – which is why we’re on hand to help you make the best decision on your client’s behalf.
Finding out if your client is eligible for a working capital loan
As a funding solutions provider, Time Finance specialises in structuring loans for established companies that are actively generating revenues in excess of £25,000.
Secured loans can help businesses produce more income or enhance projects over the long term – whether that means entering new markets or investing in the people and infrastructure that make up their daily operations.
They can be especially handy in periods of economic uncertainty, too. Taking out a loan can help ‘level’ the flow of funds throughout the company, giving it a little extra stability and providing peace of mind when it comes to budgeting.
If this sounds like something you or your client would like to explore, our helpful team would love to start a conversation.
Using Secured Business Loans for Working Capital
A Secured Business Loan can be a great way to obtain the working capital needed to take a company to the next level.
Our Secured Loan offering to businesses allows clients to take between £50,000 to £500,000 with a loan term of up to 5 years for ultimate flexibility.
However, as with all financial products, there are set criteria in place to help us determine which facility would best suit a business and their particular needs.
This means that the following aspects are taken into consideration:
- Financial performance
- Credit history
- Growth plans
Secured Loans are available to businesses based in England, Scotland or Wales who have been trading for at least two years.
To make sure your client gets the most suitable loan, you will need to check that it’s the best possible solution for their personal needs – and also the needs of their business now and in the future.
For example, if your clients’ business needs have the scope to grow and shift over time, they might prefer a more flexible repayment schedule to help with budgeting in the long-term.
Partnering with Time Finance
At Time Finance, we offer our intermediaries a truly stand-out service. We know that the relationships with your clients are as crucial as the products we use to help them take the next big step in business, which is why we take a holistic approach to finance.
At Time Finance, our Secured Working Capital Loans and holistic approach to the way we structure facilities can certainly help.
But those aren’t the only reasons that a business might choose this particular form of finance. In comparison to other types of working capital loans on the market (such as Unsecured Business Loans), companies are able to access larger amounts of finance, thanks to the added assurance of collateral.
This can inject immediate working capital to their business, with no limit on what it can be used for in terms of added investment.
As a plus, lower interest rates may be available in some circumstances.
At Time Finance, we offer flexible Secured Business Loans that give your clients access to working capital. This can be used to fuel their plans and progress in new and exciting ways, with a facility valued between £50k and £500k on either a short or long-term basis.
With a flexible repayment schedule, you and your clients can also reap the benefits of working with a relationship-driven funder that takes the time to fully understand the scope of their business needs.
Although the term ‘working capital’ might make this financial product seem much more difficult to structure, using a Secured Loan is a fairly seamless process when it comes to business lending.
At Time Finance, we’ll look at how much is required on behalf of your client, if all the criteria is met for eligibility and how valuable the assets need to be in order to secure the loan.
We’ll assess any security before processing an application. This will be completed by a Time Finance-approved surveyor, who will also value any collateral asset – with the basic borrowing requirement being that the value of security must exceed the amount that is set to be loaned.
Prior to becoming eligible for secured business funding, companies must have been in operation for at least two years, own property, and be located in England, Scotland or Wales.
Once all this has been completed and your client is approved – that’s when the good stuff happens!
The pre-planned cash injection will then be transferred, giving businesses flexible amounts of working capital that can be used to supercharge a wide range of operations.
One of the main benefits about using a Secure Business Loans for this kind of capital injection, is that there are no set limits on what it can be used for – whether SMEs plan to expand into new markets, keep things ticking over or heavily invest in equipment – the world is their oyster.
After the funds have been deposited, the loan is paid back over a predetermined length of time in monthly instalments.
As we touched on earlier, one of the main bonuses of this financial product in particular is its flexible nature, which allows your clients to choose a short-term loan and a longer-term loan depending on their plans and affordability.
However, it’s crucial to note that failing to make payments might have major financial consequences. That’s because the lender may be able to seize possession of the items used as “collateral” in order to collect the loan – which is why ‘Secured’ Loans are able to provide larger amounts of capital compared to other business solutions.
Got questions? We’re here to help. If you have any queries about our Secured Loan offering – or just want some guidance on the best products for your clients – our team are just a click or a call away.
Time Loan Finance Limited is authorised and regulated by the Financial Conduct Authority, under firm reference number 710117, for mortgage broking activities. Registered office: Second Floor, St James House, The Square, Lower Bristol Road, Bath BA2 3BH. Registered in England with Company No. 7117511. Commercial Mortgages, Property Development, Buy-To-Let Mortgages and Lending to limited companies is not regulated by the Financial Conduct Authority.