Broc Finance

  When running a business, one should be aware of the monetary obligations and the overall financial status of the company, so that help can be sought whenever needed. Considering the economic volatility of the global markets, the small to mid-level enterprises and start-ups these days frequently end up in a financial crisis. The reason can be anything from pending invoices to cash flow deficiency or lack of funds. When faced with such dilemmas, a business owner should be prompt in seeking help through business financing. Now, there are multiple options; you can apply for secured business loans, invoice financing, equipment finance or cash flow finance.    The business financing choice should be as per your immediate requirement. Accordingly, you should also be aware of different financing products and what they can do to mitigate your financial crisis. On that note, this blog will help you understand  cash flow finance , how it works, and its different forms....

  If you are a freelancer working on your laptop from home, there’s a slim chance that you will need a vehicle for business purposes. However, if you are a home-grown catering service, gradually expanding the business, you might need a car for deliveries. If not at the moment, then in the future, your business needs will compel you to get a vehicle. So, can you afford it? Do you have sufficient cash to pay for a new or used car? There’s no need to fret if you are low on your finances. Enterprises often face a cash crunch, making expenses such as buying a car difficult. Here’s where   business vehicle finance  comes to your rescue. No need to worry if you have a questionable credit history connecting with the right finance broker can fix that, gaining you access to funds to buy the vehicle. Let’s explore further on that topic.    What Entails in a Business Car Finance? Business car finance is not the same as a typical car loan. The first parameter of the lo...

  In a study conducted amongst 500 entrepreneurs globally, it was seen that more than 63% suffer from anxiety induced by cash flow concerns. The other rampant issue is the depletion of the working capital. Now, there are various reasons why this might happen, notably if your cash flow is disrupted by supply chain inadequacies. It’s a common cash flow issue highlighted by several Aussie business owners. Nevertheless, you can fix it with  supply chain finance . It’s a business financing that benefits both the suppliers and the buyers. How? Let’s explore. (Source:  https://www.forbes.com/sites/moiravetter/2019/02/28/new-kabbage-study-shows-the-harsh-reality-of-cash-flow-management-on-owners/?sh=334193d73842 )    Define Supply Chain Finance Supply chain finance is a popular form of business loan that helps an enterprise to release its capital tied up due to supply chain issues. Businesses leveraging supply chain finance have the potential to stimulate the glo...

  The COVID-pandemic of 2020 left a devastating impact on businesses all over the world, including the Aussie SME sector. David Jones, a general contractor and CEO of a small construction company faced a fate similar to his peers, months of no work and no cash flow after two of his projects shut down due to lockdown. But was that the only reason he was facing such a dire fate?  After months of wallowing, he took the lockdown as an opportunity to reflect on his business loopholes to mend them and make the foundation robust. After assessing his existing assets, working capital, and cash flow graph, he realized his company lacked modern equipment and resources, unlike his competitors. After much contemplation, he decided to apply for plant & machinery finance to rebuild his infrastructure.  But it was easier said than done! His finances were in disarray, his credit score was not that great, and there was a gap in the documentation. Who would lend him the mo...