Need A Boost Over Christmas? A Working Capital Loan Could Be The Right Move

The Christmas break is different for every business.

For some, it’s their busiest time of year: retail card spending in December 2019 hit a whopping $7.2 billion according to Stats NZ, well up on the usual monthly spend of just over $5 billion.

For other businesses, it’s time to wind down: get those last orders in, sort out those last gifts for clients, and, of course, chase up those last remaining invoices. Then, it’s time for some well-deserved time off.

But whether you’re gearing up or winding down, it’s common to find yourself in need of a capital boost (or cash injection).

For those who want to take advantage of the huge influx of Christmas sales, you may need funds to:

  • Hire new temporary staff
  • Top up on extra stock
  • Purchase or lease new equipment to cope with the rush

And for those businesses shutting up shop, you may need some extra cash to:

  • Cover commercial rent over the slow period
  • Pay salaries without new work coming in
  • Keep things ticking over while you chase remaining invoices

 

Take the stress out of Christmas

Businesses can get this cash injection through a working capital loan: a specialist business loan designed to help you ramp up activities and take advantage of Christmas opportunities, or cover costs over your business shut down – so your Christmas break can be restful, not stressful.

With a GetCapital business loan, you can access up to $100k with no lengthy waiting periods, with flexible repayment terms from 6 months up to 18 months.

And if you need a smaller cash flow loan, you could get up to $50k without the need to for a personal guarantee or the requirement to provide any financial statements. Great if you’re new to the business world!

Interested in growing your business over Christmas or taking care of the gap in cash flow over the slow season? Discover your options in working capital loans with GetCapital – apply today and you could be funded within 3 working days. Lending criteria, fees, terms and conditions apply.