Ask us, we’ll tell you if you should stay with your current lender.
Every day we speak with seasoned business people who are unaware of what they have signed when obtaining business finance.
Do you understand the security you have provided for business loans?
Do you understand how vulnerable you are if your business experiences difficulties?!
We specialise in looking at the total business picture and assessing all other options to find the right financial solution.
We understand the realities of business finance: To source a “pure” business loan, your business needs to be strong, i.e. healthy turnover, with good asset backing and a track record of profitability.
If you are a business that has stock and trade debtors but do not –
then you may be interested in a Business Line of Credit drawn against your debtors and stock.
The amount available to you will be less than and more expensive than traditional forms of debtor finance, but if it provides the funds you need to generate profit and reuse the dollar, then it may address your needs.
Generally, the funder will advance say 50% of the value of debtors and say 25% of the value of your stock. The facility will be a revolving facility.
The rates charged will depend on volume, the level of service provided by the financier and the assessed risk.
Of course, negotiating the optimum business loan is also important. That’s why you need someone with the necessary experience and knowledge of the industry to negotiate the most suitable and cost-effective solution.