Up to €250,000 unsecured (typically)
Short-medium term (3 months to 3 years)
Varies according to lender, your business profile, amount and whether secured or unsecured
Varies
Plug your working capital gap
All businesses
A working capital loan is a short-term or medium-term business loan that serves to cover a company’s everyday operations. It comes under the umbrella of working capital finance.
There are there main reasons why you might consider taking out a working capital loan:
You stand a better chance of getting an unsecured working capital loan (typically up to €250,000) if your business has a high credit rating, though you may be asked for a personal guarantee. If you take out a secured working capital loan, the lender will care less about your business profile and more about the asset. Secured lending is usually cheaper than unsecured lending because there’s less risk for the lender.
Working capital loans are just one type of working capital finance. You might also consider the following:
If you’re looking to buy long-term assets or investments then you’d look at longer-term business loan or other types of debt finance.
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