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Is Vendor Finance a Good Way to Start a New Business?
Posted by Spconsultancy on April 17th Fred Jersey , 2013


If you're in business, you know that financing is hard to obtain. Since the financial downturn that had its origins in late 2007, many entrepreneurs have seen their lines of credit reduced or altogether eliminated. If you're serious about financing a business today, you may need to look for alternative funding sources.


While you probably have applied for and received a few credit cards Marcos Rojo Jersey , those cash advances can be burned quickly. If you have obtained financing from relatives, this was probably a one-shot deal, and you may not be able to go back for more.


Home equity loans used to be a good place to mine some cash, but you may have tapped out those lines. After you've raided your superannuation Andreas Pereira Jersey , you'll need to get really creative.


Vendor Financing


Vendors can aid in financing a business in two ways. First, they can actually lend you cash. If you have a very successful store and if your purchases are large enough, your primary vendor may actually assist you with cash if you agree to continue making large purchases from them. Although this scenario does occur, it is unfortunately rare.


The other way vendors can help the process of financing a business is to give you generous credit terms. If you buy $30 Jesse Lingard Jersey ,000 worth of product and you don't have to pay for it for 45 days, your vendor has just given you a 45 day interest free loan. When the 45 day period is up, pay off the invoice, buy more product Lee Grant Jersey , and you have basically renewed your loan. As long as you continue to do business, you can float that $30,000 indefinitely.


Three Way Cash Flow Forecast


In order to entice your vendors into financing a business, you will need to have a business plan. Even if you have a healthy unit Chris Smalling Jersey , you'll need to show that your second venture will also show a profit. You also must have a document that includes a three-way cash flow forecast. This portrays your profit and loss, balance sheet and cash flow, and predicts how those items will look in the future.


Any good accounting firm can prepare this for you, but many accountants can take a long time to prepare the statements Marcus Rashford Jersey , and this may cause you to miss out on good financing opportunities. The process can also be expensive, and the cost may be prohibitive for a small or new business.


Our Company


We are set up to provide you with quick three way cash flow forecasts and business planning in Australia. We have over 20 years of experience in this area, and we are designed to move quickly and efficiently. We also have inside banking connections, and we'll be able to help you with vendor and possibly even bank financing. Best of all Romelu Lukaku Jersey , our rates are amazingly reasonable.


You know you need to be creative if you're financing or expanding a business. We can help you with the preliminary paperwork so the entire financing process can move forward quickly and satisfactorily. Contact us for an obligation-free discussion about how we can help you.


About The Author
Kamal is the Director of Strategy Plus Consultancy, based in Gold Coast Australia. Kamal's strong commercial finance background allows him to provide expert analysis of financial data, and implement cost-effective and efficient changes to help businesses improve profitability and revenue as they decrease business complexity and costs.


Follow our blogs on www.strategyplusconsultancy.au and 'like' us on Facebook

5 Ways to Earn Money Online from Home without Investment

Posted by CoolRock53 on August 1st, 2018


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