What is business finance and why do businesses need it?
If you’re looking to manage cash flow, grow or invest in the future, business finance might be right for you. It comes in all shapes and sizes: we have different business finance options to suit different businesses. Pick one below that works best for you, or call us on 020 3778 0361 and we can help you decide.
There are several reasons why companies use business finance. We listed some of the main purposes below:
- Covering a cash flow gap. You might be waiting on money to come in from a sale, but need some finance to keep the business running smoothly until it does. Read our article on cash flow management for more.
- Making an investment. You could take out finance to make a business investment, such as buying a vehicle or a truck.
- Consolidating debt. Turning several debts – such as a loan and a credit card – into a single debt, with the goal of saving money and making the debt easier to manage. Check out our article on how to consolidate and refinance debt.
- Doing some development. You might want to explore business finance options if you want to make changes to your business property.
- Purchasing assets. Buying anything from stock to equipment to property. Have a look at our article about asset finance and the different types of asset finance to learn more.
Business finance to match your company size
Quick business finance options
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Business funding, on your terms
With iwoca, draw down as needed and repay early to save on interest. Flexible business loans with no hidden fees.
- Applying won’t impact your credit score
- Get an answer in 24 hours
- Trusted by 150,000 UK businesses since 2012
