The forecast for the UK business economy over the next 12-months is very bright, with many business owners anticipating a surge in growth. In fact, many are already looking to finalise their expansion plans.
Of course, it has been challenging dealing with 3 lockdowns, adapting to the needs of staff working from home and then creating a safe and rather different environment when they return to working in the office. However, there now appears to be a real desire for employees to get back into the office and to resume some sort of normality.
Something the team here at NGI have seen an increase in, is the requirement for working capital loans. There is no real definition for what exactly a working capital loan is, instead it is business funding that can be used to assist with the day-to-day business operations. It could be the funding to purchase new equipment or machinery. Alternatively, it could be boosting cashflow to allow for the employment of additional staff. In fact, in simple terms, it can help with any business looking for finance to facilitate their future growth.
There are currently some incredibly competitive rates for working capital loans. If you want to know more, then our team would be delighted to help, please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.