COMMERCIAL FINANCE
Commercial finance is the umbrella term used to describe all the different kinds of loan products which are tailored specifically to businesses. In essence they all have the same function, to help manage the cash flow of a business.
We can also arrange finance for purchasing an existing business, or starting up your own, as well as various consulting services to help ensure your success.
Business overdraft: Useful for businesses with an irregular income stream, overdrafts are used as small loan, usually to cover short term gaps in cash flow. An overdraft allows you to overdraw on your existing bank account, up to a maximum pre-approved limit.
Line of credit: Provides businesses with cashflow flexibility and accessibility. This is a longer-term arrangement between your business and a lender, where the business can access funds up to an approved limit. The business may withdraw all or part of the money at any time, but only owes interest and makes repayments on the amount used.
COMMERCIAL loan: Are for businesses that have a steady income stream, need a capital injection for expansion or growth, and prefer regular and predictable repayments. Its also popular for people who are starting new businesses with reasonably high start-up costs, as it lets them spread those costs over a period of time after trading has commenced. The business borrows money and repays the lender in pre-arranged amounts over a pre-determined period of time. This type of loan may or may not need to be secured against the assets of the business, or a guarantor.
Cash flow finance: A way for a business to get funds before their customers actually pay them. There are two common methods used by businesses:
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Invoice discounting is where a business accesses a percentage of their debtors’ unpaid invoices through their lender, and the lender uses the debtors as security.
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Invoice factoring is where the lender assumes responsibility of the business’s debt ledger and receives payments on its behalf.
Both are designed to service the cash flow gap between outgoings and income.
insurance premium finance: Annual insurance payments can be financed to allow the business to spread this expense over the course of the year (12 monthly payments), rather than a single lump sum annual payment.
PURCHASING A BUSINESS: Purchasing an existing business is incredibly exciting, and often comes with a steep learning curve. We have arranged finance for the purchase of lots of different types of businesses all over Australia & continue to assist with their ongoing success.
BUSINESS CONSULTING:Our team can give you advice on business valuations (buying & selling), investment decisions, drafting business plans & designing operational
strategies. Some of the questions we can help you answer:
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Are you getting the most effective return on your assets?
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Are your core business activities going to stand up to changes in your industry in the near future?
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Are you aware of what your competitors are doing, and how that might effect the marketplace?
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If you invest $50,000 into a certain project or asset, are you likely to get a good return, or is that money better off being spent elsewhere?
Whether you are new to owning your own business or not, we provide multi-level support to assist with ensuring that working for yourself ends up being everything you hoped it ever would be.
