You already know the importance of maintaining consistent cash flow. Did you know that your business’s assets can be the solution?
If your business’s cash flow is stifling its success, it’s time to look for a solution. Simple steps such as negotiating longer payment terms with suppliers and shorter terms with debtors can help. If both of these steps have been taken but cash flow is still not cutting it, leveraging existing assets for credit may be the answer.
There are several options, and the terms ‘asset’ applies fairly broadly, taking in physical equipment, raw materials and stock, as well as a business’s existing debtors. But there’s a bit of groundwork that needs to be done first, and business owners need a good understanding of their requirements before taking out a loan.
By working closely with your BlueKite Capital accountant and Finance team to prepare cash flows will show you the level of funding you need and for how long you'll need it.
The finance managers at BlueKite Capital specialise in commercial and business finance with particular emphasis on cash flow solutions. Speak to the team of experts at BlueKite Capital today. Call us on 1300 883 594 or email info@bluekitecapital.com.au