Curious about a loan to help with Cashflow?
Jun 18 2020
Getting your cash flow right is the lifeline of your business. Every business and industry has the power to remove unwanted stress from their business with cashflow funding or a business bridging loan.
In the past cash flow, finance has been considered as the last resort to ‘get out of trouble’, however having a savvy broker that can help with your business needs and provide you recommendations, especially around cashflow options, is extremely valuable especially when it comes to wanting to expand and grow your business. Understanding how to utilise cashflow finance can be a successful tool to run your business.
There are a lot of businesses that sell goods or services and have terms of up to 30 days to secure orders but in some cases, these invoices can blow out to 60-90days to be paid which can have a huge impact on a business owner, especially when they have wages, rent and their own suppliers to pay.
If your cash flow is being limited there a number of options available but in particular cash flow financing is a product that is fast and does not require property as security and it can be used for a number of purposes like:
- Paying staff wages
- Doing a marketing campaign
- Purchasing bulk supplies and securing discounts
- New signage
- Hire new staff
- Paying the ATO or your BAS
- Updating your systems or technology
- Purchasing tools or equipment
- Paying bond for a new business premise
If you’re looking for a fast loan to assist with cash flow management please reach out to us, we’re more than happy to look at what we can offer you and in most cases can run the numbers without impacting your credit score!