Many companies reach a stage where they have secured big orders but they are not able to fund the purchase of the stock.
New Way To Fund Trading
At last business owners now have access to self employed loans. In the past it was very difficult for the self employed person to secure funding from the traditional funding channels. Banks generally require security for the funds they advance. Some private lenders have done away with this and base their loans on the business trading history, credit profile and cash flow.
The cash-flow loan, is a new business finance option available from www.business-loan.co.za . No need for tangible security. Loans from R 50 000 up to R 1,5 million are possible, if you have been for 1 year have sales of R 1 million per annum or more, a clear credit profile and registered as a legal entity.
Banks have made it very tough for small enterprise to secure funding. The loan criteria are very stringent and security is normally needed. Funding for growth is what new traders need. Seasonal cash flow problems affect the new business drastically and so the unsecured loan is a much needed and practical solution.
Seasonality affects most businesses and formal bank funding seldom deals with this when it is needed. With a UBL ( Unsecured Business Loan) from www.business-loan.co.za, business funding can be granted within 3 days !!
Due to the growth in SMME’s and the difficulties in dealing with banks, business finance brokers now make more and more use of private business loans in South Africa to fund businesses. These business to business loans offer a quick solution to businesses short term funding needs.