The tools, equipment and machinery your business uses are some of its most important assets. This can be anything from a tradie’s tools, office computers, work vehicles and equipment, or even specialised machinery. A business’s operation and profitability can often depend on the performance of its equipment, so if the opportunity is there, purchasing new equipment can increase both efficiency and profitability.
Trade financing is a way for businesses to borrow money against their own purchase orders. The lender will pay for the purchase, and the business will have 120 days to pay the lender back. The facility allows businesses to set payment terms that are favourable to them (when there aren’t any terms that are available). It also allows businesses to order larger amounts of stock/inventory, which helps achieve cheaper prices on their cost price, in turn increasing the margins on their products.
Debtor financing (also known as invoice financing) is a way for businesses to borrow money against the amounts due from customers. This advance can be used to improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full. Growing businesses with extended cash cycles and directors that want to keep business and personal matters separate can benefit most from this type of business finance. Instead of having to wait for your customers to pay, you can release the capital tied up in your sales invoices and reinvest in your business without using funding that is secured against your personal property to help manage your business.
Debtor financing (also known as invoice financing) is a way for businesses to borrow money against the amounts due from customers. This advance can be used to improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full. Growing businesses with extended cash cycles and directors that want to keep business and personal matters separate can benefit most from this type of business finance. Instead of having to wait for your customers to pay, you can release the capital tied up in your sales invoices and reinvest in your business without using funding that is secured against your personal property to help manage your business.
This refinancing option allows you to refinance the balloon payment at the end of your equipment loan to smaller payments rather than paying a lump sum. Our team works with you to find the best solution for your business.
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