Broc Finance

  No matter how well the business is running or how much profit it is making, the stress about the finances is a constant ordeal for business owners, especially if you are heading a small enterprise. Unlike large corporations, these small enterprises don’t have a robust financial foundation. If the business suffers losses for a few consecutive months or if there is any disruption in the cash flow, the financial problems will not take long to surface. Keeping that in mind, this blog will present a few popular  small business loan  options for entrepreneurs looking for immediate financial aid.    Top Small Business Loans in Australia for You Here are our top small business loan picks for you.   Unsecured Business Loans Most small businesses don’t have an asset to peg against the loan amount. Hence, applying for a secured loan can be a bit difficult. No worries! That’s where unsecured business loans come to the rescue of small businesses. Unsecured loans are s...

  If it is your first time applying for business loans, it is essential to have all the facts in line about the different types of financing options. Let’s start with the basics! You can divide business financing into two categories; secured and  unsecured business loans . In this blog, we will walk you through the differentiating points between the two, so you can approach a lender or finance broker, full-equipped with knowledge.    What is a secured business loan? The terms secured business loan is self-explanatory! It’s the kind of business loan secured against collateral or security, mostly real estate, by a borrower. It is common for new businesses to apply for secured loans either for starting a venture or expanding the business. Start-ups with cash flow issues also apply for secured business loans. To apply, you need to have: An active Australian Business Number No minimum trading history required Proof of ownership of the collateral with suf...

  As a professional landscaping architect Jennifer Wang worked with multiple firms in Australia. But there always comes a time when a professional feels the need to create something of their own. A couple of years back, the idea of starting her landscaping business crossed Jennifer’s mind.    But she wanted to take one step at a time. She started by quitting her job and working as a freelancer to build a network. That went on for a year, and then she felt ready to establish her landscaping business, in which she did invest the little savings she had. However, going forward, that was not enough. Soon her finances started falling apart. That’s when she reached out to Broc Finance for  low doc business loans .    Why Low Doc Business Loans? Jennifer’s business was new, with a handful of clients and her financial documentation was not in the best shape. Her trading history was just 12 months old, and she had no security to apply for secured business l...

  We cannot stress more the importance of cash flow for a business. It is rightfully called the life force of an enterprise. If your cash flow is steady, there isn’t a business hurdle you cannot overcome by leveraging your financial strength. But given the dwindling global economy maintaining a steady cash flow for small businesses can be challenging. Various factors can disrupt the cash flow of a business transactional issues and payment delays in a supply chain being common yet significant disruptors. This prevalent issue brings us to  supply chain finance ; a simple business financing solution to release the cash stuck in the supply chain chaos.    Supply Chain Finance: An Overview In a recent McKinsey survey, it came to light that more than $2 trillion worth of working capital remains stuck in the global supply chain, the release of which can boost economies worldwide. That’s how troubling financial issues cropping from supply chains can be! But there is a wa...