Creditwindow is proud to announce the launch of it’s business finance section.
“With the economy and lack of true financial support for small and medium sized businesses in the UK the decision to expand into business finance was a logical progression for the firm,” a spokesperson for the company announced today.
In recent years, following the onslaught of the 2008 / 2009 “credit crunch” small business owners have struggled to obtain valuable credit or business loans for their firms. Whilst business loans do seem to be an obvious choice for many it is a long-acknowledged fact that the British banks are still unwilling to lend – or at least lend at a reasonable interest rate.
There are of course alternatives to small business loans – such as business cash advances – which is Creditwindow’s first commercial finance product.
Unlike business loans, a business cash advance is a way of converting future credit card receivables to cash with no fixed monthly payment. In addition to this – rather than charging an interest rate as such the finance firm merely take a small percentage of the business’ credit card sales to help repay the cash advance.
Whilst Creditwindow acknowledges that this might not suit every business it could ultimately benefit those who are struggling to find an immediate source of funding.
Currently the business cash advance firm Creditwindow works with can give small businesses up to £500,000 – a considerable sum of money.
To find out more please visit our Business Loans section.