Despite having created a stringent budget that was made to cover all expenses, business still finds themselves facing unexpected expenses and events that could blow up their cash flow. A cash flow loan can help you cover such shortfalls by helping you take care of wages, investing in new equipment, and investing in a business venture that won’t put your budget under strain.
We shop around for loans from 25 of Australia’s leading lenders and banks to give you the best rate on the market.
There are many things that can plague a business, but not having the cash flow to rectify some of these issues can be a major blow. Our team puts in the work to find you a solution that is tailored towards your business. Get a personal consultant who will be able to take you through a guided process to find a solution that is suitable for your current financial circumstance. We are accredited with over 25 reputable lenders in Australia to take care of your cash flow requirements.
Every financial decision you make matters when you are trying to keep your business afloat. This also means carefully considering your options. Whether you plan to take out a cash flow loan, a line of credit, or credit card to manage your cash flow you will have to consider the costs that come with it. Check to see if you will be able to afford the repayments. You may have to assess your business altogether to see what keeps creating the shortfall to avoid getting into a debt spiral.
Cash flow and asset lending are both loans that can be handy when it comes to covering cashflow shortfalls your business may face. However, the key difference between the two is that asset lending requires that you use an asset as collateral, while cash flow lending is an unsecured business loan that does not require any collateral. Cash flow lending comes with convenience and flexibility that can help cover business emergencies for example when your waiting for an invoice to be paid while asset lending is more of a long-term facility to finance assets that are required for the business which could be anything from a piece of machinery, truck, car, software.
There are various business loans and credit cards that you can use to help boost your cash flow and keep your business afloat. However, to make the most of your finance option it pays to know what features to compare and speaking to a financial advisor to see if it will be the best option for your business. Remember to compare your options and compare the ongoing fees that come with it. Avoid taking out taking more than what your business needs as this could affect your repayments overtime.
When choosing finance for your business it is essential that you also consider the tax implications that come with it. Depending on the type of business you are running and the type of finance option you choose, you could be eligible for tax benefits that could help your business save. You can claim deductions on the interest on the loan or via depreciation and expenses that you have incurred as part of generating your businesses income. For example, taking out an unsecured business loan to handle your cash flow means that you will not be able to claim deductions for your capital expenses. More so in the case where you will be expanding your business. Make sure to speak to your accountant.