A working capital loan is a form of short-term business financing that enables a business owner to facilitate and execute daily business operations. It covers the cost related to the regular operations like labour costs, accounts payable, marketing fees, rent, payroll, etc. It can be best explained through a simple formula. Current assets of the company – current liabilities of the business = Working capital The working capital is not suitable for buying assets or for funding long-term growth for the business.
Eligibility
Under the following circumstances, you can apply for a working capital loan and mitigate your financial emergency.
There are multiple benefits for businesses applying for working capital loans, such as:
Broc Finance has built its reputation as a leading finance broker for business loans in Australia. We help enterprises secure funding solutions to solidify their capital structure and fix the cash-flow issues. Our clientele comprises all types of enterprises, small and big, new companies, sole traders, proprietors, start-ups, etc.
Our team facilitates business financing by forging a connection between the enterprise and lenders. We connect you with the best lenders who are ready to offer favourable rates, terms, and flexible repayment plans. Broc Finance has a wide network of vetted and credible private lenders across Australia. We match our clients with the perfect lenders after assessing essential factors and loan components.
Why should you choose us?
Since working capital loans help boost the cash flow, it is beneficial for small and mid-level enterprises. It can help fill the financial gap between capital and cash flow.
Contact us today and discover how our expertise can help your small business thrive.
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Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328