Need Additional Working Capital?

Lack of working capital (for all practical purposes, cash) is the single most important reason why businesses fail to expand – or fail to survive.

Businesses that are profitable, but whose debtors do not pay on time or who have purchased large stocks of goods that take months to sell – or don’t get sold – risk running out of cash and even going out of business.

Similarly, businesses that are well managed but not profitable (eg start-ups or those investing for growth or perhaps suffering a temporary downturn) can continue for long periods without making profits, providing they have enough cash to pay their VAT, employees, suppliers, their bank and other creditors.

Spiral’s experts can advise on the best options available for your business.

These options include the obvious and the less well known and there are many ways of structuring each of them:

• bank overdrafts – just because one bank has turned you down or quoted a high rate of interest, does not mean that another bank will not be very interested in helping you.
• factoring or invoice discounting – these are products that mean you receive almost immediately a high proportion of the value of the invoices or fees you send out. Some products enable you to continue to manage your debtor relationship; others mean that you can hand this task over to the finance company supporting you.
• stock & inventory loans – quite simply these are loans to enable a business to purchase stock lines, the best known perhaps being cars, vans & other commercial vehicles. Seasonal businesses can find these loans a highly efficient form of finance.