Sources of Short-Term Business Finance

1. Sources of Short-Term Business Finance securedlending.com.au

2. Business Finance A widely used source of business finance, bank overdraft is an easier way to get through short-term unexpected expenses. The client can draw certain sum of money over and above his original account balance in the bank and pulls through the tough times in the business. securedlending.com.au

3. Instalment Purchases If you choose to make purchases on installment, you get more time to make your payments, which means you can use that deferred amount as a source of financing small business expenses. securedlending.com.au

4. Trade Credit In different kinds of businesses, goods are sold on cash and payments are made after 30, 60 or 90 days. This is an easy way for businessmen to meet all the financial difficulties they’re facing. securedlending.com.au

5. Financial Institutions If you’re looking for quick loans, Australia has a number of financial institutions. They are established to help businessmen get out of financial difficulties by simply providing short-term loans. There are co-operative societies that can arrange short term financing for businesses. securedlending.com.au

6. Bill of Lading Are you aware of bill of lading and other export-import documents? These bills are used as a guarantee to take loan from banks. Also, they assure that the loan amount can be used as finance for a shorter span of time. securedlending.com.au

7. Thank You securedlending.com.au