Over the last two years SMEs have been some of the hardest hit businesses. They have had to rapidly adjust to the constantly changing global business landscape. However, SMEs are about to see the light at the end of the tunnel.
Both of Australia’s largest capital cities are finally seeing a lift of their lockdown restrictions and beginning to head into a more normal way of life. This means that businesses will begin to open up as normal and finally welcome customers as normal.
Over the next month almost every business will have the opportunity to go back to business as usual, so this means they will need to adjust the way they have been running over the past year. So how can you ensure that your SME is prepared to open full-time and continue to run as per usual?
You may need to adjust your opening hours, increase staff numbers, increase production or even add new assets to your business. Whatever you need to do to ensure your SME is prepared, it is likely that all of these options will make an impact on your cash flow. However, if you don’t have the available investing cash flow, you might have to use your operating cash flow in order to prepare your SME.
This can cause a range of issues, including impacting the whole entire cash flow cycle of your business and as a result this could roll problems over into other areas of the business. If this is an issue it looks like you could be facing, then you need to consider the options that are available to your small or medium sized business.
The best option here is to look for the right finance options for your small and medium sized business. There are a range of finance options available to SMEs, but first you will need to determine the type of finance you are after. If you are looking to add new assets, such as new technology or vehicles, then you will need Asset Finance. Or if you need to increase production and purchase more inventory in bulk, trade finance will be a better option for you.
Once you have decided what type of finance is needed, you will need to find the right lender. However, SMEs can often have issues being accepted by big bank lenders for a range of finance options. Not only is the process often long and full of paperwork but going through all of that just to be rejected is a waste of time.
So, instead your SME should be looking for a non-bank lender, such as Grow Finance. Grow Finance specialises in offering finance solutions to small and medium sized businesses, who struggle to get accepted for options with larger, traditional banking lenders. Grow also creates tailored finance solutions for business, as they understand that no one business is the same, and a one-size fits all product, simply won’t work for most SMEs.
If you are looking for the right non-bank lender to help your small and medium sized business, look no further than Grow Finance. To find out more, talk to the Grow Finance team today, call 1300 001 420, or if you are ready to move forward, then apply now.