Ep 24: Business Finance – More Options Than You Might Think

If you run a business, there may come a time when you need access to finance — but that doesn't necessarily mean something is going wrong.

Sometimes finance is about growth. Sometimes it's about managing cash flow, purchasing equipment, buying your own premises or simply keeping more cash available within the business.

In this episode of Your Finance Lounge, Teressa breaks down business finance in simple terms and looks at some of the different options that may be available to Australian business owners.

We cover:

• Why profitable businesses may still use finance
• Vehicle and equipment finance
• Working capital and cash-flow solutions
• Purchasing commercial property
• Funding business growth or expansion
• Whether you need to own property to access business finance
• What it means if your bank has already said no
• Why different lenders can assess the same business differently
• What to have ready before speaking to a broker

And importantly, you don't need to know exactly what type of loan you need before asking for help.

Sometimes the best place to start is simply:

“This is what I'm trying to achieve. What are my options?”

If you've been thinking about investing in your business, purchasing an asset, managing cash flow or taking advantage of a new opportunity, this episode is a great place to start.

Your Finance Lounge — finance made simple. Learn. Grow. Build.

General information only. This podcast does not take into account your individual objectives, financial situation or needs. Lending criteria, rates, fees and eligibility requirements vary between lenders and products.