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Working Capital Loans for IT Support Companies

Working capital loans are pivotal for IT support companies facing cash flow challenges due to client payment delays or unforeseen expenses. These short-term financial products help businesses manage operational costs like rent and payroll. At Funding Agent, we provide digital-first finance solutions tailored to bridge these financial gaps efficiently.

Secure up to £500,000 in Working Capital Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Working Capital Loans for IT support Companies?

The primary benefits of working capital loans include improved liquidity and seamless cash flow management without equity dilution. Borrow up to £500,000 with decision times ranging from 24 hours to 2 weeks, and enjoy interest rates between 2% and 20% APR. Our advanced AI-driven platform ensures competitive rates and rapid funding access.

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Increased cash flow
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Flexible repayment options
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Quick access to funds

What are the different types of Working Capital Loans for IT support Companies?

Business Line of Credit

A Business Line of Credit offers £5,000 to £50,000 over 6 to 24 months, with eligibility based on a stable revenue stream and a 6-month trading history.

Business Line of Credit

Business Lines of Credit feature interest rates from 6% to 20% APR and require an online application. Decisions are typically made within 1-2 weeks. Use funds to manage cash flow variations and IT infrastructure upgrades. Our solutions ensure flexibility, with funds accessed via a revolving credit line.

Invoice Financing

Access up to 90% of your invoice values through Invoice Financing, provided your business has a turnover of at least £50,000 per annum.

Invoice Financing

Invoice Financing allows quick access to funds, typically within 24-48 hours, with interest rates ranging from 2% to 5% per invoice. Use this to manage payroll and supplier payments efficiently. Our platform excels in verifying and advancing funds to maintain your business momentum.

Merchant Cash Advance

Merchant Cash Advances provide £5,000 to £500,000 for businesses accepting card payments, repayable over 3 to 12 months.

Merchant Cash Advance

This type of advance uses a fixed fee model, generally repaid via future card sales. Use it to scale operations or enhance marketing efforts with application processes concluded within 3-5 days. We offer innovative repayment options tailored to your sales patterns.

What are Working Capital Loans for IT Support Companies?

Application Process & Decision Times

Applications for working capital loans are streamlined through our online portal, requiring financial statements and business registration proof. Decisions can be as quick as 24 hours, with funds available shortly after approval.

Regulatory Compliance

In the UK, all lenders for working capital loans must be FCA-authorised and comply with the Consumer Credit Act where applicable. Our team ensures complete transparency and adherence to regulatory standards.

Borrowing Capacity & Rates

The borrowing capacity ranges from £5,000 to £500,000, influenced by business revenue and creditworthiness. Typical rates are from 2% to 20% APR, contingent upon the business's risk profile. Our competitive offerings are designed to meet diverse financial needs.

FAQ’S

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