![]() The minimum value of nominated invoices is $15,000 per month. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. *Credit provided by the Commonwealth Bank of Australia. This product is only available to approved business customers and for business purposes only. ![]() Examples used in this article are for illustrative purposes only. As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this, consider the appropriateness to your circumstances. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. This article is intended to provide general information of an educational nature only and is prepared without taking into account your individual and/or business needs and objectives. ![]() This type of finance lets you tap into the value of your unpaid customers’ invoices to access finance – while only paying interest on the funds you use.* If you want the flexibility of finance that is there when you need it, and can be repaid whenever you choose, a business overdraft facility can be a potential option.ī2B businesses may also consider a modern online invoice financing solution, like CommBank’s Stream Working Capital. Or for a longer term gap, a business loan. The size of the gap and the time until you expect to close it will help you determine which type of finance is best.įor a short term gap, you may simply use a business credit card. Where there’s a shortfall in your predicted accounts receivable, it may be time to consider extra finance. Were you faced with unexpected expenses? Were sales slow that period? Or did the original forecast use inaccurate or insufficient data? My forecast is predicting a gap – what now? Also note where your forecasts didn’t make the correct predictions, and try to work out why. However, you can still estimate, for example, your monthly outgoings, and this will help you determine how much you will need to make in sales to cover this.Īs you produce more forecasts, looking back at previous forecasts will help you see where your estimates have been accurate. If you’re just starting out, then you might not have enough data to produce a forecast for your business.
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