Whether you're looking to acquire new stock, plant and equipment, take on bigger premises or diversify your business offering, access to the necessary capital will ensure you're positioned to jump on business opportunities as they arise.
Even if your cash flow is steady at present it's important to think about what options are open to you in order to further grow and develop. In a competitive market the last thing you want is to miss out on an opportunity because your cash flow won't allow it.
A cash flow crunch will not only restrict growth and hamper sales opportunities; it can actually stall even the most vigorous of businesses. In fact a large number of small businesses that fail don't do so because they're unprofitable; they fail because their cash flow is limited.
In other words, access to cash – or lack of access – can make or break a business.
Fortunately, there is a whole range of financing options available to SMEs, and securing it is not too difficult with the right expertise and assistance.
Traditional finance options include overdrafts and line of credit facilities, which provide funding secured against real estate. These are typically suited to finance amounts of between $50,000 and $200,000 and are a popular source for everyday working capital needs.
In contrast, cash flow finance offers businesses access to cash tied up in outstanding invoices, without the need for real estate as security.
In addition to these cash flow options, businesses seeking to improve client relationships, service capabilities and workplace effectiveness can secure finance for a new vehicle fleet or plant and machinery to improve production.
If you're looking to explore your business' growth opportunities speak to us about your financing options. We can offer you extensive advice on what kinds of products will fit your needs and what financing options are open to you.
Remember, finance is like food for your business and can influence your ability to grow and sustain development. Speak to us to ensure you have access to the relevant cash to steer your business towards success.