James Murray Finance

A local business was recommended my services earlier this month because they needed a cash injection to help overcome a few challenges they were having... There were quite a few complexities to this proposal, but after meeting with the client and consulting on different products, I was able to provide a tailor made solution 💡 Shout out to Kevin Dew and the team at Liberty Leasing Ltd who made this one possible. 📞 Please feel free to reach out if you would like to discuss funding solutions for your business. #businessfinance #cashflowsolutions

I'm grateful to have gained valuable experience and knowledge during my time as a finance broker. So, I wanted to share with you a brief summary of Pros & Cons I've learnt on the different types of funding solutions for businesses: 🏦 Bank Loans Pros: Potentially lower rates. Fixed regular payments. Cons: Strict eligibility. Restricted amounts available. Some form of guarantee or collateral can still be required. ⚖️ Invoice Finance Pros: Access up to 90% of unpaid invoices. Flexible limits. Improves cashflow. Credit control solution. Cons: Risk of unexpected costs if invoices aren't paid. Business can become dependent on this structure. Only available to B2B businesses. 🏭 Asset Finance Pros: Finance growth. Purchase income generating assets. Conserve capital. Options for flexible repayments and VAT deferrals. Cons: Unregulated agreements can incur penalties for early settlement. Assets can be seized if payments are not made. 💳 Business Cash Advances Pros: Quick access, flexible use of funds. Cons: Higher repayment rates. 🌱 Unsecured Business Loans Pros: Obtain financing for growth when assets are not being purchased. Fast payment following approval. Cons: Limited amounts. Potentially high rates. Larger possibility of personal guarantees required. 🤝 Angel Investors Pros: Experienced guidance. Grow with minimal debt. Cons: Equity stakes required. Lengthy process. Higher probability of intercompany disagreements. 💰 Venture Capital Pros: Raise substantial capital for rapid growth. Cons: Relinquish much control and ownership. Final note💡 When evaluating funding options, carefully compare costs, eligibility, speed and what you're willing to exchange for capital. Align financing with your business goals and projected needs. Work with an experienced funding advisor to navigate the optimal options for your unique situation. Smart financing enables sustainable growth. If you would like to learn more about the things mentioned in this post, please feel free to reach out to me. 🙂