1300 760 930 Customer Login
Login
Blog
Mar 2018

How to improve cashflow to finance my business

March 17, 2018
Capify Australia

Bad debts are bad for business. Especially when these are owed to you by defaulting clients and your debt recovery options are thin. Cash flow is the lifeblood of your business so you cannot afford financial bottlenecks. The first step to ‘finance my business’ is tightening up your trading terms.

Credit application forms are key to cash flow

Customers finance my business: naturally, you know this foundation stone of trading. But, it is an unfortunate business truth that some customers forgo payment. Unpaid debts put your cash flow under pressure. By comparison, prompt customer payments power health cash flow to keep your business thriving. That simple equation shows how important debtor management is in the way your individual ‘finance my business’ approach.

Recovering unpaid debts is much more easily done when you have a clear paper trail leading back to your client and outlining your transaction agreement. Here is where your credit application form is an important tool. Now is the perfect time to firm up your credit application form to define:

  • All key contact details for your new client
  • Your specific business trading terms
  • Customer debt repayment obligations
  • Specific period in which payment is due
  • Your legal rights and responsibilities plus those of your client

Tick the box of establishing a robust credit application form. That way you fire up the confidence with which you say I ‘finance my business’.

Finance my business with strategic finesse

Use your credit application form to support your business strategy. By thoroughly evaluating each form you get a much stronger handle on your customer’s financial situation. Finance my business is your goal. Finance my purchase is your customer’s goal. For that to be a win-win transaction, you need to feel confident in granting credit to every customer who applies. Better decision-making places you in a better position to finance my business.

You can have the sturdiest structures in place to ensure timely payment of debts and effective debt recovery. Even so though, every business needs some extra funding at some stage. Capify offers a tailored funding solutions for SMEs. Ask our small business funding specialists to finance my business today.

 

Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

More like this

Mar 2019

How to Improve your Business From Zero to Hero in 5 Steps

March 20, 2019
Capify Australia

Your business is well and truely underway and you’re now starting to reap the rewards of your hard earned investment, congratulations! Feeling the benefits and watching your hard work and dedication come to fruition is an extremely satisfying time for any new business owner! If you are ready for the […]

More
Mar 2019

What the royal commission findings mean for small business.

March 14, 2019
Capify Australia

Small business funding is getting a shake-up and it is good news for both SMEs and alternative lenders. The Royal Commission has taken a two-part approach to improve the lending playing field for small business, by: acknowledging that the Australian Banking Association (ABA) Code of Banking Practice is the chief […]

More
Mar 2019

Understanding Business Capital

March 6, 2019
Capify Australia

Starting a small business can be an overwhelming experience. There are many things to consider at the start of a new venture, one of which is how you are going to finance your new business and all of the associated costs. Finding the right business capital lender should be on […]

More
Blog

Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 AUSvance LLC trading as Capify. All Rights Reserved.