For set up, expansion or general cash flow, make finance easy with Amfin
Obtaining business or cash flow funding can help you grow your business, all within a simple speedy application process. Depending on the size and type of your business, we have a variety of cash flow finance solutions for you. We will work with you to find the right loan structure and lender to take your business to the next level.
What is the maximum Borrow amount for Cash Flow Finance?
When applying for Cash Flow finance, the amount you are eligible for depends on your monthly turnover and financial situation. Business can obtain cash flow financing of up to $250,000 with limited financial documents. Those seeking over $250,000 will need to provide more documentation including full financial upon assessment. Often these loan terms are 3-24 months, in as fast as 24 hours.
Benefits of Cash Flow Financing.
Cash flow financing can be suitable for businesses of all sizes and industries and come with an array of benefits depending on the business circumstance. These include:
- Access to funds quickly
- Fast turnaround times
- Available to new businesses with an ABN less than two years
- Available to businesses with no assets
- Available to business with affected credit history.
Options for Cash Flow Finance:
SECURED BUSINESS LOANS
A secured business loan is a type of loan typically used to finance the purchase of a business-related asset, typically in the form of a commercial vehicle or car. The applicant takes ownership of the vehicle upon purchase, but the lender will use the vehicle as security for the loan until the money is paid back. The loan is then paid off in instalments over the term of the loan, which may range between 2 – 5 years depending on the lender. This arrangement works in a very similar way to a standard home mortgage or secured car loan.
UNSECURED BUSINESS LOANS
An unsecured business loan is a type of business finance that does not require asset security, such as property and vehicles, as collateral. Instead, the loan is issued and validated by your creditworthiness, so the lender is unable to seek repayment by reclaiming your assets. You do still need to meet the income and credit requirements, with the majority of alternative lenders requiring a personal guarantee from the directors of the business.
A term loan is a loan where your business has the choice of variable interest rates and flexible payment options over a certain period of time
LINE OF CREDIT
Standard term loan and gives you the flexibility to borrow cash several times until a fixed credit limit is reached. It is not a loan as there is no fixed term, you can draw on the credit any time and pay for what you use only. You only need to pay interest on the portion being used and can make large one-off principal repayments to reduce the credit being used.
Invoice finance is a type of receivables finance which includes invoice factoring and invoice discounting. Invoice finance is a type of business loan with reduced risk, since it is secured by outstanding invoices rather than property or assets. Unlike other types of business lending, there are no interest payments or asset requirements, and finance is limited to the size of your invoices.
How do I apply?
If you would like to know more or need assistance determining the best equipment financing solution for you, one of our experienced finance consultants are happy to assist, contact us today.
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