Thinking about your cashflow needs?

Good morning, everyone,

Adrian here from Queensland Capital Solutions.

Today I’d like to talk about short-term business loans. At the moment, as we come into the Christmas period, many businesses start thinking about their cash flow needs.

It could be to buy stock or to ensure they have enough working capital while the business closes for the holidays and reopens in the new year. Every business will have slightly different requirements for financing, as well as different time frames and capital costs. Repayment cycle and access needs. What I wanted to discuss today was the amount of misinformation and advertising on Facebook, Instagram, and other social media platforms.

There are pop-up ads everywhere! I reviewed many of the ads and found, in some cases, misinformation surrounding the low interest rates being quoted that were actually monthly or daily and totalled over 40% interest per annum! Other things that are not disclosed include fees and charges, early repayment costs, length of term, and repayment periods. Lenders in this space tend to lean towards a “one product fits all” approach without looking at the business numbers, profit margins, debtor and creditor cycles, or industry headwinds.

I guess the short message here is that if you’re wanting to avoid getting burned but aren’t sure what you need or where to start, talk to us. We’ve got years of experience dealing with cash flow products for small business clients, so come and have a chat with us, and we’ll be able to look at your situation and find a solution that works for you and your business.