There is an old saying “Businesses live and die by their cashflow”. A business can have all the assets in the world, however if it doesn’t have cashflow it will die.
Business cashflow goes up and down. When it goes up there is no problem!!!
What happens when it goes down?
Most business owners turn to a bank overdraft when cashflow is tight.
A bank overdraft is a financial solution where a limit is put in place and the business is able to draw up to this limit when funds are needed. The theory is that when cashflow is weak the business will draw up, and when they are strong, the overdraft will be paid back.
The disadvantage with a bank overdraft is there may be line fees, monthly, quarterly, or annual account fees. On top of this the bank may want some property security.
Is there a better option than a bank overdraft when businesses need funding quickly?
Maybe Debtor Finance Facility may help your cashflow.
Especially if you are a start up, debtor finance may be a better alternative than a bank overdraft.
• All industries including Construction considered.
• Real Estate security seldom required.
• The client can choose to have us attend to the collections or continue to do so themselves.
• Turnover from $120,000 to $3,000,000 per annum.
• Facility limits ranging from $50,000 to $500,000.
• Businesses with high concentration of a debtor or only 1 debtor are still considered.
If you would like to know more about debtor finance then please call us.