BUSINESS FINANCE / MANAGE WORKING CAPITAL
Explore a tailored working capital solution that suits you
ScotPac provides a wide range of finance and working capital solutions, so you and your business can find an easier way to manage cash flow, access funds and grow!
Do you need a working capital solution?
Working capital refers to a business’s liquid financial resources that are readily available for covering everyday operational expenses.
Cash, accounts receivable and even inventory are all things that can be considered as current assets. While short-term debt, payroll and accounts payable are all current liabilities. Your level of healthy working capital is based on the difference between the value of your current assets and liabilities.
In other words, the more working capital you have access to, the better your ability to meet immediate financial obligations is, and the stronger your business’s financial position will be.
Working Capital Calculator
You can calculate your working capital by subtracting total current liabilities from total current assets: What you’re left with is a measure of the net resources your business has access to for quick, reliable cash flow management and operational expenses.
Working Capital = Current Assets – Current Liabilities
Check out ScotPac’s working capital calculator. Click here to find out how much working capital you need.
Do you have enough working capital?
If you’re trying to grow your business or if you’re just trying to keep your head above water, you might be wondering how much working capital you have.
Working capital can include:
- Cash – the amount of money either in hand or in the bank.
- Accounts receivable – the amount of money owed to a business
- Inventory – the value of your materials, products and manufacturing works in progress.
- Liquid, short-term investments – the investments that can easily be converted into cash when required.
- Prepaid expenses – the expenses made in advance and not currently due.
Growing your business with the right working capital solution
By having access to sufficient cash, you can ensure that all operational expenses are covered, suppliers are paid, inventory purchased, and employees paid. This allows you to focus on ensuring seamless growth and long-term financial sustainability.
A business without positive working capital may not have the cash flow to meet expenses or capitalise on growth opportunities. A business with negative working capital may not have the financial resources required to maintain itself financially in the long-, medium-, and sometimes even the short-term.
What our customers are saying
It’s growth funding that gets us the best from our working capital, which covers materials, wages and other costs while we wait to be paid for our goods.
We think of ScotPac more than just a Financial Services provider, they care enough to know our business and as such we are more like partners
ScotPac have assisted a number of our clients in time critical situations and are highly experienced cash flow lenders.
ScotPac make the effort to understand us and really partner with us. Its a lot more flexible than dealing with banks.
For us, the real advantage of invoice finance is that we can offer longer payment terms to customers thanks to ScotPac.
We find a way to say “yes”. We’re nimble and inventive with our funding solutions by unlocking the hidden value in your assets.