Have you ever wondered what your lifestyle and business would look like if money wasn’t a problem?
We all dream about how life would be if we won the lotto or had a rich relative who left a huge inheritance.
In reality for most of us this isn’t gong to happen, but it’s no reason not to dream. Our dreams can inspire us to greater things, perhaps much more than we thought possible.
Back here in reality, money (or not enough of it) is almost always a problem especially if you have your own small business. Insufficient funding can hamper growth and cause us to make poor decisions, failing to take advantage of opportunities to grow or win new business because we lack the equipment, stock or cash flow to take on such opportunities.
Traditional banks and finance companies can be pretty hard to convince when it comes to funding for growth. If you don’t have a long and profitable trading history or assets such as a house to put up as security then financing growth can seem impossible.
Until now! Read on, there is good news.
You may not recognise their names but a raft of new lenders have launched in Australia in recent years and they are genuinely keen to help, especially in the small business funding space.
These lenders are harnessing the power of the internet and the vast amounts of information available to develop lending models that enable fast and accurate decisions to be made without necessarily needing the huge amounts of security that a traditional bank might ask for.
Often their rates are below those offered by the banks.
They can do this by focusing on tings like your past credit history and the quality of your business model, your cash flow over the past 3-6 months and other factors focused on you and the quality of your business rather than just how much collateral you can provide.
As a specialist Finance Broker focused on tradies and small business my role is to guide you through the processes and help to find the right solution, whether it’s a traditional bank, finance company or one of the new breed of tech based lenders.
My simple motto is that “money is a tool” so let’s build!
Damon O’Shea is director and owner of The Finance Shed a specialist finance broking business focused on tradies and small business in the Newcastle and Hunter Region.
Mobile: 0412 215 153
Email: damon@financeshed.com.au
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
