Often the devil is in the detail. It’s the fine print that you don’t bother to read, or don’t understand, because it’s written in legalese. Before you sign on the dotted line and commit yourself to repayments, make sure understand what your signing, why you’re signing it and what your obligations are.
Buying shiny new plant and equipment is exciting, but you need to make sure you fully understand your commitments. You need to know your current financial situation and what the best options are with the financial providers available. Do you know the difference between a chattel mortgage, hire purchase or consumer asset finance? If not, seek our advice.
Just because you want a new piece of plant, doesn’t necessarily mean you need it, or can afford it. Make sure your purchases are for business growth and can be financed effectively.
Business finance is such a broad term, but at Stanford Chase we can help you with:
- Finding funding – which option is best for your business (including bank loans, crowdfunding, business credit cards) and what your obligations will be
- Managing your day to day finances to meet your commitments
- Financial modelling advice and review for strategic growth and development
“If you want to reap financial blessings, you have to sow financially”. – Joel Osteen
Sometime called invoice factoring, invoice funding is a quick way to raise finance for short term cash flow. By selling off your slow-paying accounts receivable to a third party, you can receive funds usually within 24-48 hours. This is an option if the business doesn’t have a long credit history or has no substantial assets. We can help make it happen.