WHY DO YOU NEED TO FIND A FINANCE SOLUTION FOR YOUR BUSINESS?
There are several reasons why you may need to seek finance for your business. Here are some reasons and available options:
Cash Flow Fluctuations
It’s important to analyse your cash flow because it is arguably the number one reason why businesses seek finance. Some of the options available for short-term cash flow finance are:
- Overdrafts
- Bill Lines
- Invoice Financing (Also known as Debtor Financing)
- Trade Credit from Suppliers
- Lines of Credit
- Credit Cards
- Insurance funding (If you have a significant Insurance Premiums each year)
Purchase Vehicles or Equipment
It can be a huge drain on cash flow to replace vehicles, office equipment or plant & machinery. To avoid this drain on your cash flow you could consider the following finance options:
- Commercial Hire Purchase
- Chattel Mortgage
Purchase Property
Depending on your business situation you may want to purchase property for a shop front, factory or storage facility. Purchasing the property can be a viable alternative to leasing and provides you with certainty into the future. Some financing options would include:
- Fully Drawn Advance (Principal & Interest Term Loan)
- Bill Facilities
Starting or Growing Your Business
Whether you are starting your business from scratch, purchasing a business, or trying to grow your business, there are several finance options available to you such as:
- Fully Drawn Advance or Term Loan
- Line of Credit
- Trade Credit from Suppliers
- Private Funding
- Trade Finance
Whatever stage you are at in your business cycle, I can assist you with obtaining the most appropriate finance for that stage of your business.
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