Broc Finance

  Every business experiences multiple setbacks on its way to success. How one navigates those low points financially determines the pace at which the company grows and flourishes. So, how does one do that? By understanding and strategizing the working capital of the business! For new enterprises that are unsure of how to build the working capital, hopefully, this blog will help you. We will explore the concept of working capital, including  working capital loans .     What is working capital for an enterprise? Working capital is the difference between a company’s existing current assets and short-term liabilities. The existing assets are anything that the business owner can liquidate into cash, and the liabilities are the expenses incurred by the company within the same time frame.  Your accounts receivables, prepaid costs, inventory, marketable securities, cash and cash equivalents are the assets. The accounts payable, tax, wages, customer deposits, ...

  A business cannot survive, let alone thrive in absence of adequate equipment to facilitate and streamline the day-to-day operations. Nowadays, even a home-grown business needs a computer with specific software to manage operations. Whether you are a handyman, a cleaning service, or a manufacturing unit, accommodating the customers' needs demands the right equipment. But, buying equipment or machinery is easier said than done. They can be expensive, and not all business owners have the cash reserves to buy them upfront. That’s where you can get funding assistance from  asset finance  in Australia.   Define Asset Finance An asset can be anything from machinery (milling and drilling machines) and equipment (forklifts) to vehicles (trailers, tractors, excavators, earthmovers, etc.), provided you use it for business purposes. Asset finance is the funding that you acquire to buy them. It allows a business owner to secure up to 100% of the asset's value at a fixed r...