Results 1 to 12 of 12

Thread: Cash flow finance

  1. #1
    Registered User Steveodevo's Avatar
    Join Date
    Sep 2016
    Location
    Brisbane
    Posts
    192

    Cash flow finance

    Hi everyone,

    I like Morgs am a qualified Mortgage Broker, but have recently gone out on my own and am now solely concentrating on cash flow finance. Have had a chat with Morgs and he doesn’t work in this space, as I didn't want to appear to be trying to cut anyone's grass

    I have partnered with multiple lenders and my Dad and I have been in the finance sector for over 20 years - 5 years myself, we are fully accredited, have our own ACL and are based in Brisbane.

    This would suit people in trades, small business owners, IT shops, retail outlets, cafes etc and is ideal for quick funds from $5,000 - $250,000 with no security to access $100k with some of our lenders making decisions within the hour and funding available within 24 hours, cash flow friendly repayments are available also, daily, weekly or monthly

    Funding can be used for

    *ATO Debts (conditions apply)
    *New equipment
    *Stock
    *Hiring new staff
    *Advertising
    *New vehicle
    *Vehicle repairs

    Or what I have found with a lot of clients is if they have done work and are awaiting on invoices to be paid, plumbers, mechanics, electricians etc they can get the funds quickly so that it doesn't effect their cash flow

    Am happy to do spotter or referral bonuses for PF people, if I am able to acquire funding for a referral I will look after you

    Any questions please give me a buzz on 0427 946 945 (Steve Gilmour)

    Or email steve@gearupaustralia.com.au

    Or you can visit our website for more information http://www.gearupaustralia.com.au

  2. #2
    BLING BLING PLAYA's Avatar
    Join Date
    Mar 2002
    Location
    adelaide
    Posts
    6,220
    Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
    3D scanning
    3D modelling
    Structural certification
    3 and 5 axis milling

  3. #3
    Registered User Steveodevo's Avatar
    Join Date
    Sep 2016
    Location
    Brisbane
    Posts
    192
    Quote Originally Posted by PLAYA View Post
    Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
    Hey Playa, yeah it definitely helps for expansion, but some clients have ATO debts they wan't to clear, helped someone yesterday that needed $20k for a new website

    A lot of people use it for wages, if they are waiting to get paid for work they have done, tradies in particular

    A client last week got a trailer and a concrete polisher for a huge job he won, he was able to buy the machine instead of hiring, so he will own the asset and it will let him bid on bigger jobs etc

    All the repayments are tax deductible as well, so definitely good for expansion, but it can help in lots of different ways

  4. #4
    Opens
    Join Date
    Jan 2002
    Location
    Brisbane, QLD
    Posts
    9,391
    Similar to gogetta / silverchef?

  5. #5
    Registered User Steveodevo's Avatar
    Join Date
    Sep 2016
    Location
    Brisbane
    Posts
    192
    Hi Tim,

    Sort of - the difference being though is that it isn't rent to own, and the finance is unsecured and not limited to actually having to purchase equipment

  6. #6
    Little engine that could. itsnotagsr's Avatar
    Join Date
    Nov 2001
    Location
    At work :(
    Posts
    18,230
    Is this similar to Scottish Pacific debtor finance?
    "If you can make black marks on a straight from the time you turn out of a corner until the braking point of the next turn, then you have enough horsepower." - Mark Donahue Penske Porsche 917

    "In Japan we no give fark for Subaru" - Trust Japan Technical Director
    (TM - AVENGE)

    "You can never have enough power. I remember when we had Group B cars... THEN we had enough power!"
    Juha Kankkunen - Rally of Argentina '02

  7. #7
    Registered User Steveodevo's Avatar
    Join Date
    Sep 2016
    Location
    Brisbane
    Posts
    192
    Nah completely different, that is for bigger business

  8. #8
    Registered User
    Join Date
    May 2007
    Location
    wollongong
    Posts
    398
    Is it unsecured as a personal loan?
    Or via the company with a guarantor?

    I've never dealt with this stuff but i do lots of commercial loans for new/used trucks.
    I like Football and Porno and books about War

  9. #9
    Registered User gmr's Avatar
    Join Date
    Oct 2015
    Location
    Melbourne
    Posts
    132
    Quote Originally Posted by PLAYA View Post
    Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
    In construction 45 or even 60 days from end of month is becoming the norm.

    Most of our suppliers are 14 - 21 days and the good ones we want to look after. We're lucky in that we can finance the gap but I'd hate to be a smaller player trying to survive on 60 days from eom. Do a job at the start of the month and you're waiting nearly 13 weeks to get paid

  10. #10
    Little engine that could. itsnotagsr's Avatar
    Join Date
    Nov 2001
    Location
    At work :(
    Posts
    18,230
    Quote Originally Posted by Steveodevo View Post
    Nah completely different, that is for bigger business
    So its just an unsecured loan? I'm guessing the rates are 10-15%?
    "If you can make black marks on a straight from the time you turn out of a corner until the braking point of the next turn, then you have enough horsepower." - Mark Donahue Penske Porsche 917

    "In Japan we no give fark for Subaru" - Trust Japan Technical Director
    (TM - AVENGE)

    "You can never have enough power. I remember when we had Group B cars... THEN we had enough power!"
    Juha Kankkunen - Rally of Argentina '02

  11. #11
    BLING BLING PLAYA's Avatar
    Join Date
    Mar 2002
    Location
    adelaide
    Posts
    6,220
    Quote Originally Posted by gmr View Post
    In construction 45 or even 60 days from end of month is becoming the norm.

    Most of our suppliers are 14 - 21 days and the good ones we want to look after. We're lucky in that we can finance the gap but I'd hate to be a smaller player trying to survive on 60 days from eom. Do a job at the start of the month and you're waiting nearly 13 weeks to get paid
    Yea I do that now. What I'm saying is like if you have been going for any period of time you should be able to bridge this gap in the not too distant future after starting.
    3D scanning
    3D modelling
    Structural certification
    3 and 5 axis milling

  12. #12
    Registered User Steveodevo's Avatar
    Join Date
    Sep 2016
    Location
    Brisbane
    Posts
    192
    Quote Originally Posted by bryan View Post
    Is it unsecured as a personal loan?
    Or via the company with a guarantor?

    I've never dealt with this stuff but i do lots of commercial loans for new/used trucks.
    It's an unsecured loan, 12-24 months

    There is no interest rate either, it's a factor rate that gets calculated on various factors

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •