Lend.com.au have written a great article which outlines some of the reasons why businesses should consider unsecured business loans. There are many finance products out there such as invoice financing, so it's important to do your research and identify the best solution for your business needs.
Topping the list for most stressful things of running a business has to be waiting for your invoices to be paid.
Especially when customers don’t pay on time.
You’re always trying to find the right working capital option for your business; cutting through the marketing jargon isn’t always easy.
We’re going to explain the popular revolving line of credit and how to spot the imitations.
It's common for growing Payroll & Contractor Management firms to get held back by cash flow gaps in client invoice payments.
Growing Payroll and Recruitment companies use payroll funding on a regular basis, and with more SMEs turning to outsourced payroll services, cash flow is critical.
A receivables-based revolving line of credit is a very attractive form of invoice financing for small businesses.
It’s a short-term working capital option that is secured by the unpaid accounts receivable of businesses that sell or perform services on credit terms. It’s structured as a straight credit line instead of an invoice factoring arrangement that’s traditionally disclosed to customers.
In the last twelve months, online business loan options are popping up everywhere, choosing the right one for your business can be harder than you think.
What’s an online business loan and why is it any different to a regular loan?
We’re going to explain the extremely popular revolving line of credit and how to spot the imitations.
Before you sign up for a revolving line of credit, it’s important to know more about how this business finance tool works, what it’s used for, and how you can get the best overall fit for your business as well as the most competitive rates.
Other online lenders are not as different from traditional banks as they would have you think.
Aside from the outrageous fees they charge they also make you conform to fixed repayments of principal and interest as soon as you take the loan, meaning that the rate you're paying is in excess of ROI's above 40% per annum in most cases. It is in the lender's interest to get you to take the biggest fixed term loan you can regardless of what your business actually needs. Adding to this you'll be required to pay off your original loan amount in full before you can re-apply for a new loan.