Cash flow management

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Cash flow management (invoice financing)

In looking at cash flow management, and loans based around this concept, it’s helpful to first make sure we’re clear on terminology.

Firstly the term cash flow management in business simply refers to the process of monitoring, analysing and optimising the net amount of cash receipts minus cash expenses. Net cash flow is an important indicator of the financial health of any business.

Invoice financing is a form of short-term borrowing by a lender to a business customer based on invoices owed to the business that haven’t been paid yet. Effectively, through invoice factoring, the company sells its accounts receivable to improve its working capital, providing it with immediate funds that can be used to pay expenses.

So therefore a Cash Flow Loan, is a business loan intended to meet immediate cash needs in times when cash flow is inconsistent. Typically these type loans are repaid within 30-180 days.

An instance where a cash flow loan might be appropriate for a business can be in retail, where a particular business needs to buy a large amount of stock in say November, to be fully stocked for the Christmas period—where they will make the bulk of their year’s profits. Only problem might be that their cash flow has been weak or inconsistent during October and November and they need a loan to cover the purchase of the stock.

Now cash flow loans might be ok if you have an established business with a consistent cashflow trajectory, and you are looking for a smaller loan amount. But this may not be the case for you. At BizLoansFast we often find that clients we help have:

 

  • Unsteady cashflow due to seasonality or unpaid industry invoices.
  • A poor credit history because of being unable to service previous loans with regularity.
  • Ownership of a start-up business that cannot show a cash flow history.
  • A need to borrow more than $300,000
  • A need to pay a loan off over a 1 to 2yr period.

 

And this is precisely the kind of situations where BizLoansFast can assist with what’s known as a Short-Term Caveat Loan.

We find one of the biggest plusses with this kind of loan is that the longer loan period gives you, as a business owner, time to either refinance, sell an asset or wait for a major cash flow event to finalise the loan.

Ok, so what are the actual choices and loan structures we offer within this framework?

The first is a 1–6-month caveat loan.

With it you can source between $20,000 and $5,000,000 of funding.

You can secure the loan against real estate you own.

Interest is capitalised for the loan term. You don’t have to make any repayments during the loan, (the plan is to take as much pressure off your cashflow during that time as possible, not add to it.)

A poor credit or other arrears will not affect our ability to approve this loan for you.

No cash flow or financial records of your business are required to apply. 

The second type of loan is a 12 month, first or second mortgage.

Again, borrow from between $20,000 to $5,000,000

Also secured against real estate you own.

You pay only the loan interest each month, not the principal plus interest. Which would put more pressure on your cash flow.

Again, a poor credit history or arrears won’t affect our approval process.

With this type of loan, you do have the option to extend it beyond 12 months if you need to.

This can be a great option if you need super-fast approval as we can confirm approval in 2 hours and have funds at your disposal in 24 hours. Plus the longer loan term, and option to extend the life of the loan, gives you time to refinance or sell an asset to finalise the loan.

There’s a clear picture of the different loan types and structures in this category. For more detailed one on one advice around your actual situation, and what type of BizLoansFast loan might be most appropriate for you, please contact BizLoansFast on 1300 852 150.

Same Day Fast Approval!

  • As long as your loan is for a recognised business purpose or commercial investment, you have sufficient equity in real estate you can nominate as security, and you have an exit strategy to finalise the loan—either selling an asset, refinancing, or a major cash event in your business, BizLoansFast can approve your loan.
  • To get started now, fill out our 60 second online application, send us a recent mortgage statement, and rates notice, and your ID—or simply call us on 1300 852 150.

Loans up to $5,000,000

  • BizLoansFast are designed to meet the needs of a wide variety of business growth opportunities, emergencies and fund any amount from $20,000 to $5,000,000.
  • Whether it’s a short-term business loan (also known as a caveat or business bridging loan) or a 1st or 2nd mortgage we have you covered.
  • If you’ve been knocked back by traditional lenders, for any number of reasons, contact BizLoansFast and experience a market leading, fresh, innovative approach to funding your business needs.

Frequently Asked Questions

The speed with which a loan will be approved, and funds deposited into your account. BizLoansFast can complete this process in 24 hours.

How much documentation will you have to provide and what will be the cost of sourcing it? Paying valuers to conduct costly valuations on your business and having your accountant generate and collate numerous financial statements, cash flow history reports, and asset and liability statements just to apply for a loan is costly and inefficient. All BizLoansFast needs is a rates notice, a recent mortgage statement, your ID, and our 60 second on-line application filled out and we get to work approving your loan.

With bank loans you can often be looking at lengthy approval and loan processing times. They make it clear from the outset you will be operating on their timeframes, not them reacting to your needs. They often request an onerous amount of documentation? They snail mail contracts back to you, taking 2-3 days? They send cheques or deposit funds via internet transfers that take time to clear? Banks were born centuries ago and some still operate like they’re still there!

With an online business loan from BizLoansFast approval letters on loans are issued in 2 hours via email! Once accepted we issue loan contracts in 4 hours! No property or business valuations, no tax returns, no financial records required from you. Once approved your funds are transferred to your account immediately! Our whole process takes 24 hours from start to finish, and our consultants keep you, informed at every moment of the process—we’re here for you—not the other way around!

At BizLoansFast we think we’ve made our loan application the simplest and easiest to complete in the industry. Because we only secure your business loan against real estate you already own and you don’t make any payments on the principal loan amount during the term of the loan, we don’t need multiple statements and records regarding your business. We understand that what you need to focus your time on is your business and not completing lengthy loan applications.

Literally all you need to get a BizLoansFast loan application underway is to either call us on 1300 852 150 or:

 

  • Fill out our 60 second on-line application
  • Send us a rates notice
  • Send us a recent mortgage statement for the property you are nominating as security for the loan
  • Send us the ID of anyone applying for the loan.

In business, speed and efficiency can be everything. Often business owners need to pivot, be nimble and act decisively. Sometimes this means having medium to large amounts of funding at your fingertips to take advantage of a commercial opportunity or avert a cash crisis.

Super-fast service understandably comes at a premium, and at BizLoansFast we recognize you are coming to us for a time effective solution, not just a rate.  We have a variety of loan structures to suit your needs. Whether it be a short term business loan, (also known as a caveat or bridging loan) or a fast second mortgage loan. Our team will react to your application and can pre-approve funding in 2 hours, we can email loan contracts in 4 hours, and have funds in your account RTGS payment instantly. We’ve built our reputation on efficiency and speed of service and will find you a solution to meet your timeframe.

At BizLoansFast our upfront fees are low, and we are transparent in disclosing them. We are not here to waste your time promising you the world as some other lenders do, and then request high fees be transferred to their account before they fund your loan. You should be extremely wary of any lender requesting this, as the costs of processing a loan application just do not warrant it.

Any fees associated with your loan are clearly shown in simple language and you will know exactly what they will be.

BizLoansFast is a founding member of A.S.T.L.A the Australian Short Term Lenders Association and adhere strictly to fee disclosure charters we helped draw up. When borrowing money short term, we advise you only deal with an accredited member of A.S.T.L.A.

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