Maybe your business needs funds for ‘working capital’, i.e. an injection of cash to tide you over from one order to the next. If so, consider these options.
With the name of the company being a play on the words ‘instant working capital’, the two founders of iwoca were driven by the need to offer working capital to online retailers – fast turnaround, short-term funding that enables business owners to purchase stock and keep the business moving.
Excerpt from Enterprise Nation blog post, 9 July 2012:
“A critical issue for most online sellers is having access to capital,” says co-founder Christoph Rieche. “Cashflow shortages can often arise from the effect of seasonality and the requirement of paying suppliers upfront ...