Quick Stats on Working Capital
What are the types of working capital solutions?
Working Capital is a broad term for a few different kinds of products. You might be more familiar with products names like Line Of Credit, Overdraft, Invoice Factoring or Unsecured Cash Loan.
All of these products are used for working capital for a business and all have their unique advantages and considerations when using this type of funding.
The key differences between the many working capital products is usually around the security of the loan.
For example, invoice factoring uses the debtors and invoices in your business as security, while a term loan might be secured against a property or a cash loan will have no security.
Skyward Financial can help your business grow by finding you the optimal working capital solution.