The business lifesaver

A Lifeline for Business in 24 Hours

Being one of Australia’s largest and fastest private business lenders, we find most of our clients are asset rich and cash flow poor. Eeven people who have healthy balance sheets come to us for a lifeline for business.

There are a lot of industries that inherently have cash flow issues that have nothing to do with the competency of the business owner.

The Problem

For example, the building industry is a common case, as there is often an issue with progress payments. It is common practice for builders to receive payments in stages as the project progresses. So they will receive a deposit, and then payment for the slab and so forth, before they receive the final payment.

For builders especially, it is a very delicate balance with cash flow. They need to ensure, they are receiving all their payments on time to be able to pay their trades.

However, in reality delays can occur. A builder might be held up by the bank and building inspectors might have to go out to the site. Trades are then not paid on time, which can be extremely stressful for everyone. In the long run this can damage the builder’s reputation with their trades, as they no longer trust them.

In short, the whole thing becomes a “snow ball effect,” and it can be a real nightmare to sort out.

The Solution

At HomeSec Business Finance, we assist builders and businesses alike with cash flow problems like this. We enable them to access funds to ensure that problems out of their control do not set their business back.

Save on Tax

Plus, the thing that most business owners forget is that the costs on business loans are tax-deductible.

It is no different to when a tradesman goes to Bunnings and purchases a new power saw. Then after doing so, claims it back on tax, because it is a business expense. A short-term / privately funded business loan should be seen as just another cost of doing smart business. The point of purchasing a power saw for your business is to make you money. In fact, you could argue that if they did not purchase the power saw, they would hardly have a business. It is not so different with short-term business loans.

There is more to The Lifeline

We are here to help your business make money, not to merely keep alive a business that is struggling. We are here to be the lifeline that a lot of businesses need through no fault of their own.

Just like the power saw, a short-term business loan could be the difference between you having a business and not having a business. Borrowing money is not a problem, and debt should not be seen as a dirty word. It comes down to some basic fundamentals.

If you stand to make money from the loan, and you have an exit strategy, it is a no brainer.

So do not lose sleep over a cash flow crisis in your business. Talk to HomeSec Business Finance today about how we could be the lifeline that your business needs.