Business Finance – How to

[Laurence]

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Hi FS users and community.
Here to help an business owners with questions on obtaining Finance & Loans. I haven’t seen many posts on the topic & I would like to share & help others as an experienced ex Commerical Banker and now Finance Broker.

Drop your questions here and I’ll answer them as best I can with general and informational responses on how to go about obtaining the funding you need to grow or expand your business.

Laurence.
C&B Finance.

[Paul – FS Concierge]

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Hi And Welcome to Flying Solo Laurence. It is great to have you and your expertise on-board, especially as we head into an un-certain period.
!

Thank you for joining our community and your time.

Cheers
~Paul

[Laurence]

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Thank you for the welcome Paul!

To clarify for the community Business Finance might be:

1) Business Loan – borrowed money that you pay back with interest within an agreed time e.g. 10 years with monthly repayments of xx. Example to purchase stock, a commercial property or start up a business.

2) Overdrafts – a line of credit. Example might be to cover daily business expenses between customer payments to be received.

3) Equipment leasing and hire purchase – purchase of working equipment or assets that are important to daily business operations. Examples such as buying a truck, ute or excavator.

4) Invoice finance- funding outstanding customer invoices by turning them into readily available cash. This differs to a business loan or overdraft as repayment to the Lender matches the invoice terms (when it is due to the business/borrower).

Do you have questions on how to go about obtaining the funding you need to grow or expand your business? Post them in reply.

Note*
This information is general in nature and is not financial advice. It does not consider a borrowers objectives or if the information suitable to their circumstances.

[Author]

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