Finance For Business Growth

The one thing that stops a growing business is lack of cash. 

Cashflow is how the cash circulates in and out of your business. The cash goes out when you buy stock or put on employees. You eventually sell your product or service and then wait for the cash to come back into the business on payment. Then you do it all over again. 

A good business has more cash flowing in than going out.  But if you are expanding your business or servicing a large order/project, then your cash is probably going out of your business quickly and it is a long time before you can collect it.

Bespoke Finance can tailor a finance solution to assist with improving your cashflow and keep your business growing.

Remember, not all business banks are competitive in their finance offerings.  But they won’t tell you that!  Make sure you contact Bespoke Finance to guide you through the options.

There are a number of options available:

• Invoice Finance
• International Trade Finance
• Stock Finance
• Equipment Finance
• Bank Overdraft

Invoice Finance

Instead of waiting 60 to 90 days for your customers to pay your invoices, you can gain access to up to 85% of your invoice value within 24 hours.

This funding is great for a growing business because your funding will grow in line with your growing sales.  You also do not need to supply property or equipment as security.

You still retain full responsibility of collecting the payment from your customer.  Your customer would never know you have used invoice finance to assist your cashflow.

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International Trade Finance

If you export or import goods then there can be a long lead time to payment and this can strain cashflow.

Importers may have to pay for the imported goods long before the goods are sold.  Exporters may need to buy stock or manufacture the goods long before payment is received for the order

Trade Finance can assist by financing this lead time.  This is especially useful when the value of the sale or purchase is quite large.

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Stock Finance

Some lenders will allow a domestic version of the International Trade Finance.  Others will also look at your current stock on hand and lend against that stock.

An assessment of the industry, trading conditions and nature of the stock is important for this type of finance.

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Equipment Finance

Instead of using your cash to buy a business asset (eg machinery, vehicles etc) you can conserve cash by financing or leasing the asset.  This spreads your cash repayments over a number of years.

There are different ways of structuring the equipment finance and they have very different ownership and taxation effects.  You can finance through hire purchase, finance lease, novated lease, chattel mortgage or rental/operating leases.

Talk to Bespoke Finance about your options.

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Business Overdraft

This is a flexible form of finance that allows you to access funds up to a predetermined limit.

Good for businesses with seasonal fluctuations or short term working capital requirements.

These facilities are normally secured against residential or commercial property or against the assets of the business.

The downside of overdrafts is that they do not necessarily grow as the business grows.  They are limited by the value of the property securing the facility.

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