Broc Finance

  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...

  Irrespective of whether you are a small business, or you are one of the corporate giants, managing cash flow is difficult for almost everybody. Amidst the hectic work schedules coordinating the invoicing cycles can be extremely overwhelming. But aren’t invoices important to meet the working capital needs? Well, yes they are. However, if you are falling short of capital because your pending invoices are sitting ideal on your desk, then financing those invoices can be a brilliant option. Instead of waiting for days, weeks or months to be paid by a customer, now you can release up to 95 per cent of the value of your invoice within a day of its issue. Invoice finance allows business owners to avail advance payments by submitting their cleared invoices as a safety statement or collateral. Who is eligible for Invoice Financing? Note that all enterprises aren’t eligible to avail invoice finance. In order to be eligible, an enterprise must: ●       Hav...