All businesses, irrespective of size, face working capital crunch. While large organisations have access to a wide range of financing options, small and medium businesses face issues qualifying for traditional loans. These businesses need flexible and easier financing facilities that will help them access the required funds quickly.
At KredX, we understand that the financial requirements differ from one business to another. We help our clients access working capital through our invoice discounting platform.
Also known as “Net Working Capital” (NWC), working capital is defined as the capital a business requires to maintain day-to-day operating costs. It is calculated by deducting the company’s current assets from its current liabilities. The working capital of the business is a measure of its cash inflow, cash liquidity, and operational efficiency. It indicates the short-term financial health of the business. If the working capital of the business is low or nil, and the current assets are not more than the current liabilities, the risk of the business defaulting on payments and going out of business is very high.
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With numerous financing options available in the market, business owners are spoilt with choices. However, carefully analysing the pros and cons of each financing method will help you choose wisely. If you need collateral-free working capital, have unpaid invoices, and want your balance sheet to remain unaffected, invoice discounting is the way to go. Get in touch with KredX to understand how we can help your business grow.
At KredX, the invoice discounting process is very simple and transparent.