Why Mickey And Donald Are Goofy For Project Finance…And You Should Be Too!
by James Starr on 27/08/10 at 3:51 pm
Project Finance is not just for the big boys at Disney, finance up to $1,000,000 per month for new projects. Not surprisingly, I’ve received quite a few calls lately in regard to Project Finance (PF). Everyone from builders to IT consultants have been calling me trying to find out a bit more about how it works.
Why Your Debtors Book Could Be Worth $1m Per Month
The upsurge in inquiries has meant we’ve had to increase our lending cap to accommodate market demand. Our facilities now range between $50,000-$1,000,000. AT AR, we’ve certainly had more calls over the last six months from SMEs looking for funding without fixed assets than in the past. Most invoice financiers won’t touch these deals, it’s far too risky.
SME Construction Sector Big Winner In Federal Election
Now there’s a choice…It hasn’t been a stellar year for the civil and construction sector. A combination of poor weather and a looming federal election has put a lot of projects on hold and slowed the issue of new contracts. Irrespective of which party wins the Federal election, this sector should enjoy some movement, particularly at the big end of town.
How To Fund Projects Without Fixed Or Floating Assets & The Dangers Of Discussing Cars With Employers & Relatives
A recent upgrade in the AR Cash Flow fleet…
Dan test drove some C class Mercs on the weekend. I pulled some strings earlier in the week to set it up. I don’t know why I bothered.
“I think I want something fun…maybe a Golf GTI.”
So we’re back to the GTI. Dancin’ Dan’s last hurrah. His wife’s [...]
How SMEs Get To Pay For Other Peoples Mistakes And Help The ATO At The Same Time
The mythical phoenix’s flame may be finally burnt out by the ATO…
SMEs to be charged for setting up a new business
Life get’s even tougher for start-ups
Employee creditors have to wait their turn
I turned 48 last week. Pretty happy about it too. On the whole, life’s pretty damn good. Take this morning. I played tennis from [...]
How To Use Inventory Finance When You Don’t Have Any Inventory
Is this some kind of wizardry financing option? Did you know that you can use the impending purchase of inventory to secure funding? I’ll explain what I mean. You’ve just won a contract to landscape a business park. The contract specifies bespoke paving. Only one supplier manufactures the pavers. You’ve already run low on cash gearing up for the project and your line of credit with the bank is maxed-out.
Inventory Finance – Where A Good Product Counts For More Than A Good Credit History
Leigh has just come back from Ibiza and Majorca in Spain. He’s 29 years old, single and has been surrounded by half clad beauties for nearly 2 weeks. He hasn’t had a holiday in two years. So what does he do?
He comes back 3 days early. The highlight of the whole trip? No, it wasn’t [...]
How to put your business in reverse to go forward – reverse factoring
To receive funding from an invoice financier you have to sell them your invoices. In the past, this meant selling ALL of them! Today however, you can receive financing from the invoices of just one or two clients. Find out how!
The costs behind invoice finance – why it’s fair value for clients
There’s a perception that invoice financiers are the hyenas of the money world. Preying on the weak and looking for an easy kill. The truth of the matter is that while banks are getting fatter, dumber and happier, non traditional financiers are working harder than ever to keep their own and their clients heads above water.
Alcohol Importers Toast Launch of Purchase Order Finance
- Importers learn how navigating excise is possible
- Cashless importing is here and now
- Leveraging distributor credit to sure up your company’s chances of obtaining finance
Why Small Contractors Don’t Have To ‘Walk The Credit Line’
The sun hasn’t exactly been shining on small contractors in the construction sector of late. Months of poor weather has delayed projects and the prospect of the federal election has made developers and government departments antsy about starting new works.
Subsequently the cash pool is getting very low. Many are talking a big game post election, [...]
Why Project Finance Is Good For Small Contractors Not Bankers
You don’t need a lucky charm to win contracts…
A local, state or federal government contract is a great thing to win. You’re guaranteed payment. It’s money you can literally bank on. That is, when you finally get it!
It’s an expensive game to play, especially for contractors and subbies working in civil and construction.
You need cash [...]
How SMEs Can Borrow Against Inventory
Getting funding against your existing inventory is easier than you think….Your inventory can be deemed as an asset. Which means if supplier calls you to say that they have a great deal on some materials or products which you know you can sell (maybe not even now, but at some point down the track) you can say: “YES!”…
Why Community Banks Are Better Than Community Batts
Chirp! Time to Flee the Coop! Small Business Need to Seek Help Elswhere! Banks don’t want to play in the segment, because it’s high maintenance and low return. They’ll stick with home loans. Talking about which, it’s soon going to be even harder to borrow against your home, the traditional fallback for small business…
How do you finance government contracts that have progressive payments?
For many businesses the dream is to win a contract to supply either local, state or federal government. When you tender for these contracts you are asked to provide evidence that you can fulfill that contract. This evidence is in the form of financials. In many cases SME’s financials are not strong enough to support one of these sought after government contracts. The end result is that these contracts go to larger contractors who then sub it out to the little guys.
This has been a massive thorn in the side of growth for SMEs………until now.
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Continued cash flow helps a business survive. In reality, most businesses constantly struggle to meet their operational expenses, while groaning under the weight of accounts payable and delays in accounts receivable. In such a scenario, invoice factoring has emerged as an excellent solution that gives the business immediate access to cash, without the shadow of debt. With invoice factoring, the business is not at the mercy of banks and their tough procedures, or lenders who expect a share of the business.
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