Working Capital Solution - Business Loans and Financing with Capify
Our working capital solutions help Small Businesses unlock the opportunities for growth and expansion by:
- Tailored solutions
- Quick access to funds
- Peace of mind
Our working capital solutions help Small Businesses unlock the opportunities for growth and expansion by:
We aim to understand your business needs and work 1-on-1 to offer the best solutions for you to succeed.
Apply within 2 minutes and get funds in your account within 24 hours if you qualify our criteria.
We’re proudly Australia's first alternative and accessible unsecured small business lender.
How much working capital is needed for a business? Why is it essential for Business growth?
Working Capital Loan is a loan that is taken to finance a company’s everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company’s short-term operational needs such as payroll, rent, Staff hire, expansion and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.
Sometimes a company does not have adequate cash on hand or asset liquidity to cover day-to-day operational expenses and, thus, will secure a loan for this purpose. Companies with high seasonality or cyclical sales may rely on working capital loans to help with periods of reduced business activity.
Capify provides small business Working capital loans from $500 to $500K. We have easy repayment plans from daily, weekly or monthly options depending on your turnover.
Generally, a business will want a positive Working Capital ratio (Current Assets/Current Liabilities). While, in theory, a business with a working capital ratio of 1.0 should be able to adequately meet all of its short-term expenses, most businesses will like to see that number slightly higher. Excess WC will give a business a kind of ‘cash cushion’ against unexpected expenses and can be reinvested back into the business to help fuel growth. However, a ratio below 1.0 indicates current assets aren’t enough to cover short-term debt and could potentially mean a business needs additional business capital.
Working Capital loans are easy to obtain and let business owners efficiently cover any gaps in working capital expenditures. Strong cash flow is essential to any successful business, but cash flow has to be managed like the tides. It ebbs and flows, and your business may not be able to meet certain obligations during downtimes or when your business is expanding. This is why working capital loans exist. They provide small business owners with the opportunity to cover their expenses while still operating their businesses.
Capify’s Working Capital loans are unsecured. In that case, a company is not required to put down any collateral to secure the loan. Check if you are eligible to get a tailored solution for your business.
If you are running a business and have exhausted all your options to your working capital, it may be time to consider a working capital loan.
A survey by Digital Finance Analytics found that around 60% of SMEs are looking to borrow and that most are looking for Working Capital support.
The amount of positive working capital a business needs to run smoothly will vary depending on a range of factors such as business type, operating cycle as well as current and future growth goals.
While large businesses can get away with a negative working capital ratio for a short term (because of their ability to raise funds quickly), small to medium businesses need to actively maintain a healthy level of WC.
While the goal of many small businesses is to build a better community and provide a good service or product to a loyal customer base, making money is still crucial. Some options for increasing working capital include:
Understanding all the different factors that can affect your Working Capital needs is the first step to managing healthy finances.
Buy Inventory, computers, machinery and other equipment urgently needed to complete your daily operations on time.
Pay your bills or suppliers with ease regardless of seasonality or unpaid invoices.
Pay for making improvements structurally and aesthetically to attract a new target group.
Hire more staff, invest in marketing or open a new store! Whatever your goals, we can help you reach them.
Restock products and employ short-term staff before the hectic season to bring in more income
We’ll work with you 1-on-1 to personalise a small business loan to suit your circumstances. Plus, because we adhere to the AFIA code of practice – our loans are unsecured, which means no assets or security is required!
Borrowing capacity
Up to $500,000
Quick approvals
Same day approvals & funding possible in 24 hours
Unsecured business loan
No assets or security required
Minimum paperwork
No financials, tax returns or BAS for loans under $200,000
Easy Repayments
Fixed, daily and weekly repayments that are easy on your cash flow
Renewals
Fast and simple renewal process
Flexible working Capital Solutions to drive your business’s growth and better cash flow management. Choose a product that suits your industry and circumstances.
Don’t take daily payments but still have a monthly turnover over $10k? Our unsecured small business loans are flexible and don’t require assets for security.
Got an EFTPOS machine or take daily online payments? A Merchant Cash Advance can give you the quick cash flow you need with flexible payment options based on percentage of future sales.
Don’t take daily payments but still have a monthly turnover over $10k? Our unsecured small business loans are flexible and don’t require assets for security.
Take the advantage of borrowing larger amounts against your assets. Our secured loans provide low interest rates and flexible repayment terms.
Simple application that takes less than two minutes.
Receive a solution tailored to fit your business needs.
Get verified and approved quickly with minimum docs.
Get cash straight into your account within 24 hours.
We offer loans to a wide range of industries, many with different situations and cashflow purposes. Whether you sell online or operate out of a physical premises, we could help your business to prosper.
and many more…
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We take pride in working with thousands of local businesses, and we really appreciate what they say about our products and services.
We’ve compiled some of the most common questions asked by Australian small business owners so that you can have peace of mind and spend more time working on your dreams.
The Capify Working Capital Loans are specifically tailored to the needs of small business owners so the loan amount, rates and repayment terms are flexible. We can provide SME’s seeking quick access to unsecured funds up to $500,000 for any business purpose.
Unlike secured loans which require you to borrow against an asset such as a vehicle or property, our unsecured loans aren’t guaranteed, meaning you can borrow money for your business without the need for collateral or assets as security, and with minimum paperwork required, once approved, the funds are in your account within 24 hours, not weeks or months.
Capify provides small business loans to Australian businesses who meet the following basic eligibility criteria;
– Must be a registered business with an active ABN
– Trading for minimum 6 months
– $10,000+ minimum monthly turnover
– Australian Citizen or Permanent Resident
– 18 years+ of age
Please note the above criteria allows us to start the application process. You’ll still need to meet our standard credit assessment criteria to get approved and funded.
Once you’ve submitted an application, and meet our elibility criteria, you could be approved within hours and have funded in your account within 24 hours.
All our loans are unsecured and do not require any security or assets.
No, we unfortunately, do not allow split payment between fixed and variable rates.
Our repayment terms can be anywhere between 3 – 12 months, depending on what we’ve agreed upon with you. We pride ourselves on being a transparent and responsible lender, which is why before you go ahead with your contract, we provide you with a document outlining our fees and total payback.
The total payback figure is then broken into small daily repayments that our customers can afford as to not affect the day-to-day cash flow of their business. To learn more, contact our Loan specialist on 1300 760 930.
Check your eligibility in less than 30 seconds and unlock your business’s growth.
