When you think about trying to find help with your business, you might immediately think of going to a financial adviser or a business strategist. One survey from CCH found that 82 per cent of SMEs considered their accountant to be their most trusted adviser on both their cash flow and their business development.
However, we’d like to try to convince you that mortgage advisers have a role to play in the success of your business as well. Are you looking for help in the right places?
How can a mortgage broker help?
When you first started your business, you had to find startup capital from somewhere. Maybe you had a chunk of change to spare yourself, perhaps you had an angel investor. Or, maybe you decided to try to find the right loan through a mortgage broker.
So you know we can help you start your business. But we can also help you grow it.
Beating stagnation, fighting liquidation
Small businesses are, unfortunately, the most common victim of insolvencies, according to Australian Securities and Investment Commission (ASIC) data. Around 80 per cent of business failures are companies with less than 20 employees. So what can you do as a startup to fight back against these odious statistics?
First, find the problem. Inadequate cash flow or high cash use is among ASIC’s top 3 most common causes of insolvency – people are simply running out of money. Chances are, if you’re feeling the strain for your business growth, it’s probably because of your capital, or lack thereof.
Bridging the gap
Low doc loans can give you the same chance that everyone else has.
That’s where mortgage brokers come in. Small businesses and startups are in a unique position where they have money coming in, but don’t always have the documentation to prove consistent and regular income.
Low doc loans can give you the same chance that everyone else has when it comes to getting investment capital. So where could you put this new cash injection?
Buying new equipment to take on larger jobs, improving your cash flow and growing your brand.
Purchasing larger or better-suited premises, making your life and your business easier to manage.
Hiring temporary staff for a busy industry season, ensuring you don’t fall behind.
Mortgage brokers can help you find a new source of capital to help ensure your business prospers, whether you’re just starting out or need a little bit of a kick in the cash flow. For more information, speak to us today!