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Financing your business establishment and get easy business funding online

 

Once you’ve made a list of all the items you’ll need to start your business and worked out how much money you’ll require, you can start thinking about how to finance everything. But you’ll also want to ensure you have some cash on hand. Your initial expenses will likely be higher than your income. That’s because you’ll be working with customers and they’ll most likely pay after the work is completed. You’ll be spending money on the expectation that payments will be made on time.

Access $5K – $300K unsecured business funds

 

The reality of business is that some customers are slower than others to pay. That means there is likely to be a lag between when you start spending money and when you’ll be receiving payment.

 

Although it’s likely you’ll have some cash reserves to start your business; you don’t want to drain your bank accounts. That will mean taking an intelligent look at financing your startup with a plan for your first year of operation. While the finance market may look like a sea of different loan types, the reality is that they all fall into two major types.

 

Secured loans use an existing asset as collateral against the loan. For the lender, this means they can sell that asset if a loan remains unpaid. This reduces the risk for the lender, which means the borrower can enjoy a lower interest rate and potentially borrow a larger sum of money. An example of a secured loan is a home loan. A mortgage uses the value of the house as the asset against the loan.

 

Alternately, there are unsecured loans where the borrower does not provide collateral. As this changes the risk for the lender, interest rates tend to be higher, and the amounts that are lent are often smaller. A common example of an unsecured loan is a credit card.

 

Neither type of loan is inherently better or worse than the other. Each has a place in a well planned and managed business finance plan.

 

Using your finances wisely

If you have a registered business and are looking for funding, you can apply online and get approval in less than a day. Online is a fast and easy way to get a loan and focus on your business.

If you own a property or some other asset of value, then a secured loan from a respected lender like Capify can help with the purchase of big-ticket items such as vehicles and equipment. As you’ll be using that gear over several years, the lending costs can be amortised over a long period and built into your pricing models.

But there may be times when a short-term lull in cash flow needs to be addressed. That’s where an unsecured loan can be useful. For example, if an essential piece of equipment requires a repair or replacement, you can borrow enough to cover that loss.

 

Once you’ve survived and started to thrive in your post-establishment phase, you’ll want to think about how to expand your business. Undertaking a marketing campaign is a great idea. Still, it will require some investment so you can purchase ads, either online or in specific publications, focused on industries or markets you’re trying to penetrate. You may even choose to print leaflets or pay salespeople to call potential customers.

 

Apply for Business Loans for Retail Online

While the retail sector is coming off an annual peak, in the wake Black Friday, Cyber Monday and Christmas sales, retailers might be feeling good, but those increased sales came with increased costs. Overtime payments to staff increased operating costs because of extended trading hours, and all that extra stock you ordered in preparation needs to be paid for. And when those extras are covered, you may well be back where you started before the end-of-year sales rush.

 

Troughs often match those peaks in the retail season. And it’s during those troughs that you need to prepare for the peaks. That makes cashflow extremely challenging.

 

Leading into peak sales periods, you’re likely to need to invest in your business. While the peaks are times when revenues are up, they’re also periods of intense competition. That means you need to invest in more marketing and advertising, dedicate resources to updating the look of your online and physical stores, and purchase more stock to ensure you can meet your customers’ needs.  And while you may be confident of payback, having the funds in place to take advantage of the opportunity ahead can be a problem.

 

That’s where careful planning and choosing the right partners for your business matters. Establishing great supplier relationships can assist with securing lines of credit so you can pay for the stock after the sale period. You may even be able to enter in an arrangement where they will take back unsold items.

 

But those sorts of contracts may not always be possible.

 

To pay for new capital items, such as updated shop fittings and an updated point of sale and inventory system, you may need to look at other financing options. While traditional lenders, such as banks, have been the first port of call for many businesses, they are rarely business-friendly. With retail being such a challenging sector, old school lenders often focus on the risks and not the potential opportunities. That means their lending processes are long and complicated as they seek large amounts of data that can sometimes be hard to gather in a short time. Rather than focus on your needs, their eyes are firmly fixed on making sure their interests are protected.

 

Retailers looking for finance to help them periods of challenging cash flow and to support business improvements and expansion need a lender that’s responsive and understands their needs. That means a lender that’s acquainted with what retailers need rather than collecting a bunch of hard-to-access information and doesn’t inundate you lots of forms to fill in and long waiting periods.

 

When you’re looking for a finance partner, you’re looking for the money to arrive promptly and not days or weeks later.

 

Once you identify a lender that understands your needs, you need to determine what sort of loan will work best for you. There are two types of loans financial institutions offer; unsecured loans and secured loans.

 

An unsecured loan doesn’t require you to use any assets as collateral for the loan. As this shifts some of the risks away from you – you don’t have to use an asset as security, the lender offsets its risk by charging a moderately higher interest rate and lending smaller amounts. This is a balancing act that allows the risk to be shared equitably.

 

In contrast, a secured loan requires you place an asset you own, or equity in an asset as an assurance to the lender that in the event you default, they can recoup their loss by selling that asset. For example, if you own the freehold of your store or residential property, you can use that to minimise the risk of a loss for the lender.

 

By using that asset, you reduce the risk for the lender, and they can charge a lower interest rate. In general, it also means you can borrow more significant amounts of money.

 

Once you find a great lender, like Capify, and choose the right sort of loan, you can get on with growing your business, improving your store and getting ready for the next big sales push.

 

Business Loans for Fast Food and Take Away Businesses

Fast food and take away businesses are under constant pressure from new competition, changing customer expectations driven by delivery services and fluctuating costs as the ingredients they need change prices seasonally. So, while a business can be super busy, they may be facing increasing charges. The peaks and troughs can make it challenging to manage cash flow as the ongoing costs of establishing the business, rent or mortgages, salaries and utility bills keep coming even when other expenses go up, or you hit a quiet patch.

 

And if a critical piece of equipment breaks down, there are the unplanned repair costs or the need to replace a defective fridge, oven or other essential gear.

 

Managing your cash flow is not easy. It takes careful planning, setting aside funds for unforeseen situations and continual effort.

 

The first few weeks

 

Even if you take over an established business, you’ll have some initial costs to manage. You’ll likely need to set up accounts and point of sale systems, top-up stock and update your signage and maybe even update the decor to make the business your own.

 

Some of those investments might be modest, but others can put a real dent in your early cashflow. You may find that a piece of equipment you rely on may not be quite as reliable as you need and it needs replacement or a major repair.

 

Depending on what you experience in those first few months, you might need to look at different finance options such as an unsecured loan where you may pay a slightly higher interest rate but not need to supply any collateral. Alternately, a secured loan may use an asset, such as a property you own or some object of value, but offer a lower interest rate and, potentially, a higher loan amount.

 

Both options can help you during the establishment phase of your business. Unsecured loans can be useful when you need to access a modest amount of cash for a specific, short term problem such as an urgent repair. For longer-term investments, such as purchasing the freehold for your business or significant equipment, a secured loan may be a better option.

 

Ups and downs

 

Depending on your location, seasonality can make cashflow management very difficult. When times are busy, the money may be coming in, but you’ll likely have elevated expenses such as the need to boost your stock levels ahead of time, higher staffing costs and increased operational costs.

 

Getting ready for a busy period requires lots of preparation. As well as the increased operational costs, you’ll probably want to get critical equipment like your fridges, cooking appliances and even delivery vehicles serviced, so they don’t let you down at a crucial moment. Those extra expenses may require some working capital you don’t have in your accounts just yet. Even though you know your revenues and profits will be up, those funds may arrive too late for you.

 

And if you’re not ready, that peak period might not go as well you need. Running out of stock or suffering an equipment failure during a rush might put you behind the Eight Ball. And there are also your monthly or quarterly commitments to the tax office.

 

Building your business online

 

To keep up with the competition, you may also need to invest in marketing to ensure your potential customers come to you. That will take some extra funds as well. Rather than emptying your cash reserves, a modest loan can help you with the funds you need to grow your business without draining your bank accounts.

 

And, as well as making the busy times busier, a productive marketing investment will reap the rewards during the usually quieter times.

 

Traditional lenders, like the big banks, make it challenging for many business operators to access finds quickly. But unlike the big banks, Capify makes the applications process easy and can have the funds in your account before you’re under lots of stress while the banks can have you waiting for weeks by the time their complex forms are processed.

 

Get Business Funding Online Loans from Capify can help you manage anything from daily fluctuations in sales to BAS payments and significant capital expenditures. Approvals can be turned around in just a day with cleared funds ready for use quickly.

 

Our mission is to help small businesses by providing simple, quick and responsible access to business funds

Capify was born out of the desire to offer small businesses an alternative and accessible lending option. Proudly we were the first to do so in Australia. With 10+ years of local experience providing small business loans working capital globally, Capify is Australia’s most experienced alternative lender to small business.

With a focus on customer service and simplicity; our vision is to support Australian businesses with tailored financial solutions and solve small business finance. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients.

 

This allows us to streamline our internal processes passing on time and cost savings to you.

 

Capify is Australia’s Leading unsecured small business lender, and you can easily find us on Finder.com.au, Canstar, Mozo, InfoChoice, and other financial comparison websites.

 

We have business-friendly staff

We ensure our team have a comprehensive knowledge of the Australian SME market and can truly understand your business needs, aspirations and need for finance. Our small business lending consultants will guide you through the entire small business loan process from initial quotation to funding.

Mozo says “With more than ten years of experience, Capify has been helping Australia’s small business owners reach new heights with their tailored funding solutions. The lender provides unsecured business loans which are flexible and accessible, and its simple application process makes getting funding a breeze”.

 

Our unsecured business loan funding products work for you

We have several repayment solutions, all of which we tailor to suit your business activities and cash flow. We work with you to construct a repayment structure which will minimise the impact on your business cash flow. We’re proud of the customised solutions we design with our customers, and we see them renew their small business loans time and time again with us.

 

Australia’s most prominent financial services comparison website Canstar says

Take a look at some of our customers lending’ success stories and how we’ve partnered with them to make their dreams and aspirations a reality.

At Capify, we offer short-term business loans, usually three to twelve months for a variety of small businesses. Below, we’ve collected some of the costs, features and other need-to-knows of a Capify business loan, so you can be completely informed before you sign up. Proudly we were the first to do so in Australia.   With over 10+ years of local experience providing small business loans working capital globally. Capify is Australia’s most experienced alternative fin-tech lender to small business.

 

Adopting a customer-centric focus on service and simplicity; our vision is to support Australian businesses with tailored financial solutions. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients.

 

This allows us to streamline our internal processes passing on time and cost savings to you.

 

Capify Is one of the most trusted small business lenders in Australia. With TrustPilot reviews and Google reviews that speak for themselves, our story shows our dedication towards helping business finance growth.

 

Capify Australia provides FAQ’s and a customer help centre on unsecured business loans, quick business loans, online business loans solutions based around the payments, credit, investment and Sydney, Melbourne, Brisbane, Perth, Hobart and the territories, markets space. Small Business Australia says: “Capify Australia: Review for Borrowers.

 

Read the following Capify review to find out more about this company and discover if it’s suitable for your needs. … Capify is obviously among the top 3 most significant and most respected lenders in the Australian small business loan market”.

 

Australia’s leading Finacial Comparison Website, Finder.com.au.says ”

If you’re looking for a flexible business loan. This unsecured financing option from Capify may be one to consider”. You can apply for however much you need, with loans of between $5,000 and $300,000 available, and with same-day approval, you can have your funds within 24 hours. Repayments can be flexible to suit your business’ cash flow”.

 

Business Loans for Fashion Retailers

While the entire retail sector has been undergoing a revolution over recent years as online stores have used social media and flashy online stores to carve out lucrative niches, the fashion sector has always had to adapt to change. Each season, new fashions are shown off at catwalks around the world, influencing people to buy new clothes and refresh their wardrobes.

 

Also, viral events such as “the dress” – were the steps white and gold or were they black and blue? – can create a sudden unexpected opportunity. Even the clothing choices of celebrities can put pressure on retailers to update inventory quickly to cater to the latest whims of fashionistas.

 

Faced with a continually shifting marketplace and heightening competition, fashion retailers need to ensure that maintain cash flow and have access to enough funds to be able to react to new opportunities.

 

Modernising the store

 

When someone enters a clothing store, they are looking for a place that represents them – it’s not just a place that fulfils a simple commercial transaction. Clothes are a representation of self-expression, and fashion retailers are a part of that experience. Investing in the right decor, lighting and presentation of clothes are essential for attracting customers.

 

Being able to consistently update that look to suit the changing needs of your target demographic is critical. That’s not about undertaking massive renovations every season. It’s about keeping things fresh with updated mannequins, fresh shop-fittings and ensuring the most wanted products are easy to find in a wide variety of sizes.

 

All of those things require funding.

 

Putting the customer first

 

Perhaps the most significant change in retail is that buyers no longer need to come to the store and deal with the seller on their terms. Today’s fashion retailers need to turn things around, so they meet the customer wherever they are. That means investing in systems that integrate online and brick-and-mortar processes.

 

For example, when a customer browses for a product online, they should be able to choose to either purchase it there and then, or take that preference into the store so they can experience the product in a more tactile way. If they make a purchase, that decision is stored so that if they come back, the seller knows their size or other preference.

 

Recently, I purchased a shirt from a store I’d last shopped at a year ago. When I wanted to check the size, the seller could look at my sales history and tell me what size to purchase. That requires an investment in systems – something that requires access to a reserve of cash.

 

Even the point of sale and inventory systems you choose make a difference. Knowing if an item is in stock when it will arrive f you don’t have it and making it easy for customers to complete transactions all require high systems and that takes money.

 

How can you pay for all this?

 

If your store is the body of your business and you are its heart and soul, then cashflow is its lifeblood. And while you may have enough cash entering your company to pay the rent, salaries and utilities, building a cash reserve so you can invest in all those opportunities can be challenging.

 

That’s where a relationship with a trusted financial services company can be invaluable. The ability to quickly apply for a loan and get those funds in your hands in 24 hours can make a world of difference if you’re trying to cash in on the latest internet fashion craze.

 

Similarly, some of those more extensive projects such as regularly updating your store and ensuring you have the best IT systems to support your customers require a level of capital you may never have available in a lump sum.

 

Choosing the right finance for those situations can help you build your business. An unsecured loan can help you purchase the latest stock. And, as you expect to make a quick profit on those sales, you should be able to pay the loan back quickly before the higher interest rate bites.

 

As the risk is higher for the lender, the risk is offset by lending smaller amounts at a higher interest rate.

Business Loans for Restaurants

The hospitality business is notoriously challenging. Establishment costs are high, operating costs are high, and the market is notoriously fickle. Even high profile celebrity chefs, seemingly with everything going their way, fail. Often, this is because they haven’t put the right plans in place and haven’t put together the right financing to support them through the journey from starting through to running an established business.

 

Getting started

 

Even if you plan to create your new restaurant at a secure location, you’ll want to make it your own. That means freshening up or replacing the decor, new signage and perhaps even some renovations.

 

The kitchen, bar and bathrooms are all areas that will need attention and can cost significant amounts of money to update or replace depending on your needs.

 

Assuming you have some other assets, a secured loan, where an asset you own is supplied as collateral, reduces the risk for the lender and potentially gives you access to larger amounts of money. As your asset reduces the risk for the lender, they can offer a lower interest rate and, likely, lend you a more significant amount.

 

As you are using those funds to pay for physical assets that can be resold, as well as the assets you provide as assurance for the lender, you can reduce your borrowing costs.

 

 

Dealing with the unexpected

 

Typically, the busiest daystar restaurants are on weekends and public holidays. That means higher costs for staff as you’ll need more people and you’ll be paying them penalty rates and for longer hours.

 

You’ll need more stock to cover all those extra meals you’ll be preparing, and your power costs will increase.

 

The trouble is that the days or weeks leading to that time aren’t as busy, and that means the money coming in might not be enough to cover your arriving outgoings. And if you’re hit with an unexpected bill for equipment failure or some other unforeseen event then your ability to employ enough staff or have enough stock to service the coming rush.

 

When that happens, you need to get access to funds quickly. Traditional lenders require you to provide lots of documentation and fill in complicated forms. And approval processes can take days when you need to solve your problem in hours. Finding a lender who understands the challenges business like restaurants face and having strategies in place to help them with rapid access to funds is critical.

 

That’s where an unsecured loan can be useful.

 

Unsecured loans don’t use an asset as security. This means the borrower doesn’t have any assets at risk, but they typically have higher interest rates and are limited to smaller loan amounts.

 

That means you can borrow the money, get past the speed bump by paying for the repair, boost stock levels before the busy time or ensure you have enough cash on hand to cover the higher-than-usual payroll. That lets you focus on business and not stress about your bank balance.

 

Expanding your reach

 

Today’s restaurants face stern competition from a plethora of delivery services. The good news is any restaurant can expand that part of their business with a modest investment.

 

Borrowing funds can help you establish a small dispatch area so you can easily package and send out meals using Menulog, Uber Eats or even your delivery service. You can use those funds to stock up on packaging and also employ someone to manage the dispatch for you to ensure you keep a new client base happy.

 

As well as expanding your business directly, it will get your food into the bellies of more people, further boosting your bricks-and-mortar eatery.

 

The right finance partner can help you focus on successfully running your restaurant and reduce the stress of dealing with cashflow issues. From the moment you start living your dream as a restauranteur through the good days and challenging times, a partner like Capify can reduce some of the days to day stress

In contrast, a more substantial purchase may be the right candidate for a secured loan where an asset is supplied as collateral. As this reduces the risk for the lender, the interest rate is lower an, potentially, can be used to borrow larger amounts.

 

Whichever type of loan you choose, finding a trusted lender, like Capify, can help you not only survive but thrive in a highly competitive world.

Business Loans for Fashion Retailers

While the entire retail sector has been undergoing a revolution over recent years as online stores have used social media and flashy online stores to carve out lucrative niches, the fashion sector has always had to adapt to change. Each season, new fashions are shown off at catwalks around the world, influencing people to buy new clothes and refresh their wardrobes.

 

Besides, viral events such as “the dress” – were the steps white and gold or were they black and blue? – can create a sudden unexpected opportunity. Even the clothing choices of celebrities can put pressure on retailers to update inventory quickly to cater to the latest whims of fashionistas.

 

Faced with a continually shifting marketplace and heightening competition, fashion retailers need to ensure that maintain cash flow and have access to enough funds to be able to react to new opportunities.

 

 

Modernising the store

 

When someone enters a clothing store, they are looking for a place that represents them – it’s not just a place that fulfils a simple commercial transaction. Clothes are a representation of self-expression, and fashion retailers are a part of that experience. Investing in the right decor, lighting and presentation of clothes are essential for attracting customers.

 

Being able to consistently update that look to suit the changing needs of your target demographic is critical. That’s not about undertaking massive renovations every season. It’s about keeping things fresh with updated mannequins, fresh shop-fittings and ensuring the most wanted products are easy to find in a wide variety of sizes.

 

All of those things require funding.

 

Putting the customer first

 

Perhaps the most significant change in retail is that buyers no longer need to come to the store and deal with the seller on their terms. Today’s fashion retailers need to turn things around, so they meet the customer wherever they are. That means investing in systems that integrate online and brick-and-mortar processes.

 

For example, when a customer browses for a product online, they should be able to choose to either purchase it there and then, or take that preference into the store so they can experience the product in a more tactile way. If they make a purchase, that decision is stored so that if they come back, the seller knows their size or other preference.

 

Recently, I purchased a shirt from a store I’d last shopped at a year ago. When I wanted to check the size, the seller could look at my sales history and tell me what size to purchase. That requires an investment in systems – something that requires access to a reserve of cash.

 

Even the point of sale and inventory systems you choose make a difference. Knowing if an item is in stock when it will arrive f you don’t have it and making it easy for customers to complete transactions all require systems and that takes money.

 

How can you pay for all this?

 

If your store is the body of your business and you are its heart and soul, then cashflow is its lifeblood. And while you may have enough cash entering your company to pay the rent, salaries and utilities, building a cash reserve so you can invest in all those opportunities can be challenging.

 

That’s where a relationship with a trusted financial services company can be invaluable. The ability to quickly apply for a loan and get those funds in your hands in 24 hours can make a world of difference if you’re trying to cash in on the latest internet fashion craze.

 

Similarly, some of those more extensive projects such as regularly updating your store and ensuring you have the best IT systems to support your customers require a level of capital you may never have available in a lump sum.

 

Choosing the right finance for those situations can help you build your business. An unsecured loan can help you purchase the latest stock. And, as you expect to make a quick profit on those sales, you should be able to pay the loan back quickly before the higher interest rate bites.

 

As the risk is higher for the lender, the risk is offset by lending smaller amounts at a higher interest rate.

 

In contrast, a more significant purchase may be the right candidate for a secured loan where an asset is supplied as collateral. As this reduces the risk for the lender, the interest rate is lower an, potentially, can be used to borrow more significant amounts.

 

Whichever type of loan you choose, finding a trusted lender, like Capify, can help you not only survive but thrive in a highly competitive world.

 

Find out more about the benefits of a Capify Unsecured Business Loan in the review.

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