Looking to boost your business’s working capital?
Working capital is a term we’re hearing a lot lately, especially after last year’s lockdowns ground many business’ cash flow to a halt. In 2021, there are incredible opportunities and incentives out there for new business and expanding business. So, what should you do if the banks are saying ‘no’?
Private Lending can be a great solution to get your business the cash flow it needs. If business owners are looking for help to keep their business operational through the tough times, a working capital loan can help. They can also be a great solution if your business needs a cash injection to take advantage of opportunities in the good times.
There are several reasons your business might require additional working capital, and what it can be used for. For example: commercial private lenders Sydney
1. Seasonal changes to cash-flow
Seasonal differences in cash flow are normal in many industries and can impact the amount of additional working capital you might need to access outside of your business. For example, hospitality, which might require a cash injection to gear up for the high season, or, to keep the business operating during the low season.
2. To help you save money
There are times when having access to additional working capital and more cash upfront can actually help you save money long-term. For example, purchasing from a distributor at bulk or wholesale pricing in order to receive discounted pricing.
3. Cover funding obligations and expenses
Additional working capital can help you to cover funding obligations to employees, government, or suppliers that may not be covered by your business’s current cash flow. This is especially relevant if your business does not take upfront payment from customers.
4. Launching a new product, service, or undertaking a project
There are times in every growing business when taking the next step means investing in your dreams. At those times, having access to additional working capital can make them a reality. For example, if you are undertaking renovations to your place of business, launching a new product or service, opening a new facility, or expanding your team.
The Benefits of a Private Money Loan
You might not think of Private Lending when you think of working capital loans, but at Archer Wealth, we love it. There are many benefits to securing this kind of loan, and why they can be a great solution!
1. Get the capital your business needs, exactly when you need it
Instead of drawn-out processes and long waits, securing a working capital loan with Archer Wealth will get your business the boost it needs, exactly when you need it. We know that time is of the essence with working capital. Because of this, we endeavour to secure you the funds you need for your business as efficiently as possible.
2. Our processes are simple – you won’t have to jump through complicated hoops
At Archer Wealth, accessing working capital is simple. All we need from you are your details, some background on the business, and an idea of what the funds will be used for. We don’t need cash flow forecasts or a detailed business plan. Plus, we welcome scenarios from all kinds of businesses – so dream big!
3. Get your business back on track, or level it up, without giving up control
Launching a new venture, taking your business to the next level, or maintaining operational efficiency shouldn’t mean giving up a part of what you have worked hard to build. With Archer Wealth, accessing additional capital for your business doesn’t come at the expense of control in your business.
Our 2021 success stories!
- For one of our clients in 2021, we helped refinance existing debt and financed a loan of $2.18 million with Archer Wealth’s own internal funds. That loan provided working capital for the client’s business to meet increased demand and support growth opportunities.
- Another of our clients last year, a doctor who owns several properties worth upwards of $20 million, was told no by his bank for a working capital loan. With the help of Archer Wealth, he accessed a working capital loan which gave him the capital he needed to launch a new venture. He opened a new facility, providing more extensive services, and his business growth exploded!
- A builder we worked with needed a cash injection into their business, and Archer Wealth internally funded a loan of $455,000. That loan provided working capital for the business to cover operating expenses. Thanks to Archer Wealth’s help in securing working capital, the client and his wife could free up their business’ cash resources to renovate their dream home! best mortgage broker Sydney
If you or your client needs to access capital to take things to the next level, or just to help with operational efficiency, get in touch. Don’t just let your business sit there and do nothing. Let us help get your working capital, working for you!