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Category: Business loans

Posts related to Business loans

how to get business finance

The holiday season is fast approaching, and while summer brings the sun and festivities, it can also bring major cash flow shortages that  affect the health of a business.

Increased trading and inventory, staffing issues and chasing late receivables can all cause stressful peaks and troughs in cash flow. So how can business owners stay on top of their cash flow throughout the busiest time of year?

Here are three easy ways business owners can protect cash flow and ensure their business continues to thrive throughout Christmas and into the new year.

Create a detailed plan and forecast

As a small business owner, it’s crucial to have a good understanding of your sales and especially being aware of how seasonality affects your cash flow. Sales forecasting is a great way to do this, as it provides you with a good idea on what to expect in your bank account in the coming months.

All you [...]

unsecured business loans

A client in the construction industry needed urgent finance to support cash flow to help bridge the gap in account receivables to eliminate downtime and loss of income between projects. Unfortunately, due to unforeseen circumstances within the industry, the construction company struggled to secure partial payments for upcoming jobs, stopping them from purchasing required materials & equipment to begin construction and with Christmas creeping up, he was looking for an injection of $250,000 over a 12 month period, the funding was to allow them comfortably finish construction of existing jobs, as well as begin the wave of new projects.

With around $3.4m in revenue over the previous financial year, and close to $485k in average monthly inflows, their finances proved to be quite good. Due to an existing credit facility and outstanding funds owed for jobs completed, our risk assessment indicated that a line of credit for $150,000 would be the amount required for the [...]

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