Category: Articles

Four ways a commercial credit adviser can help you fund your business or commercial property investments

With business interest rates ranging from 4% to 60%p.a.  and with so many products to choose from, it’s important to get the right advice the outset. Commercial credit advisers have a deep understanding of the commercial finance sector and the wide range of products available. They’re well placed to identify the most appropriate financing structures for you based upon your specific needs.

Here are some advantages to having a commercial credit adviser manage your commercial and asset finance.

Managing cash flow

For any business, big or small, good cash flow is vital. You need the financial capacity to meet day-to-day operational costs.

Commercial credit advisers can help with cash flow finance. This is essentially a way for a business to get cash before your customers actually pay. It may be through invoice discounting, which allows a business to access a proportion of your debtors’ unpaid invoices through the lender. It could be through invoice factoring, where the lender takes responsibility for chasing your business’s debts.

Mixed funding for manufacturing assets

Businesses involved in manufacturing need the right plant and equipment to remain competitive. They also need financial arrangements designed to suit the industry.

Manufacturing equipment may be purchased from offshore vendors or made to order. This could initially require short-term financing arrangements, to be later replaced with longer-term asset funding. Additionally, a manufacturer with specialised equipment will probably need a more long-term solution than a business needing to purchase an asset such as a motor vehicle, or one that needs funds to complete a shop fit-out or to buy a commercial property.

Commercial credit advisers can play a crucial role not only in financing your manufacturing assets but in recommending the most appropriate lending facility.

Range and flexibility

With dozens of different lenders in the market, commercial credit advisers are in a strong position to compare and find the most competitive commercial and asset finance products.

When necessary, they also have the flexibility to use multiple lending facilities to suit different business purposes. For example, a business may need a chattel mortgage for its plant and equipment, but a finance lease for other assets.

Using a commercial credit adviser means you have all the available lending options at your fingertips.

One-stop finance

Commercial credit advisers do much more than arrange finance for businesses; they’re also an invaluable resource for developing your broader portfolio. Given the relative expense of the residential property market, and the huge number of opportunities in the commercial and industrial property sector, a commercial credit adviser is perfectly placed to help you identify and secure commercial asset funding to enable your growth, while at the same time preserving your operating cash flow.

How do I get assistance with getting approved?

The team at Naritas are experts in delivering timely guidance & commercial finance approvals.  We have over 100 lenders on our panel & a high quality team of dedicated commercial credit advisers to steer you efficiently through the approval process.

To make an enquiry online with our team, click here. Alternatively please feel free to phone us on 1300 558 887 during business hours.