Introducing our Working Capital Loans: we expand our range of solutions

Post content

• What is Novicap’s Working Capital Loans facility?
• Why a Working Capital Loans?
• Want to know more about our Working Capital Loans facility?

In the midst of economic and political uncertainty, marked by the outbreak of the pandemic and exacerbated by the war in Ukraine, inflation, rising interest rates and a constant threat of global recession, companies are facing one of the most unstable periods in recent years. Today, more than ever, resilience and adaptability become the foundation of corporate strategy.

Furthermore, companies are facing credit restrictions and increased costs imposed by the banking sector, driven by the interest rate hike that began in July 2022, raising the rate to the current 4.5%. At the same time, price increases resulting from inflation create a challenging situation for companies’ financial departments.

Since its inception in 2015, Novicap has always aimed to be at the forefront of non-bank financing for businesses. Our commitment to driving and providing financial support to our clients has led us to achieve some milestones in just 8 years that we couldn’t have imagined at the outset:

• Over €1.4 billion financed to companies
• Over 100,000 invoices financed
• Over 3,600 companies supported through our solutions
• Up to 200m in financing capacity signed with Fasanara Capital, bringing our funding capacity to over €1bn annually

Thanks to all of this and the trust of our clients, we have taken a step further, which we are announcing today: we launch a new solution, a Working Capital Loans facility that will help diversify our portfolio of solutions and reach many more companies.

What is Novicap’s Working Capital Loans facility?

Novicap’s new Working Capital Loans facility will allow companies to access a flexible funding source that does not link specific invoices, as our current Factoring and Reverse Factoring solutions do. 

Our customers can apply for lines of up to €2,000,000 with a maturity period of 12 months with possibility of subsequent renewal. Drawdowns can be made at client’s convenience, with repayment from 1 to 12 months in monthly installments or in a single payment. Everything is managed through our technological platform, accessible 24/7, providing them with real-time visibility into the process and the status of their facility, as well as a dedicated account manager from our customer service teams.

Thanks to the Working Capital Loans facility, companies will have access to instant liquidity that they can use for their short-term needs, whether it’s for procurement campaigns, paying taxes, financing investments, covering unforeseen expenses, or addressing other cash flow needs. Companies can manage this liquidity whenever and however they need it.

Why a Working Capital Loans?

At Novicap we know that there are many types of companies, of different sizes, with very diverse needs and at different stages. And we want to reach all of them. We want to support all types of companies in their growth, without leaving anyone behind.

We wanted to expand our current offering to reach those companies that do not have a significant volume of invoices or do not have a constant fluctuation in their billing process. Also, those that are not seeking financing for their invoices but want liquidity to address projects unrelated to suppliers or debtors.

With this new solution we are able to reach all of them, offering a flexible option to meet their working capital needs without the need to link invoices, allowing them to continue their business activities beyond the limitations imposed by traditional financing and banking.

This brings Novicap one step closer to covering the entire spectrum of working capital needs of businesses, with the same flexibility, agility and transparency as always.

Want to know more about our Working Capital Loans facility?

For detailed information about the Working Capital Loans, please contact our sales team, who will provide you with free and comprehensive advice on the rates, repayment terms and eligibility requirements of our Working Capital Loan facility.