At Life-n-loans we that each one of our clients is different and that their requirements are unique. There is no “one fits all” solution and, if you’re about to go it alone, then be aware that you will potentially miss out on the wealth of industry knowledge that we have built up over years of business success.
We take time to fully understand our clients and we take into account their specific circumstances.
The many different loan structures are designed to benefit the lenders, but by choosing the right structure or by refinancing, we can manage your loans over time and in the most cost-effective way.
How we help to find a commercial funding arrangement for your business
- We have a variety of resources available to help grow your business.
- By analysing your cash flow, equipment, bridging finance, and expenses, we gain an understanding of your situation, both now and long-term, and so we find the best type of loan for you.
- We are careful not to expose you to undue risk still with the aim of becoming debt-free faster.
There are a number of commercial loan structures available to SMEs, or self-employed individuals, owner-operators, and home-based businesses, but we also work with larger organisations.
Business Offset Loan
This type of loan is usually for businesses that have a turnover of less than $1M. It allows for the combining of balances of business accounts in order to reduce the amount of interest payable on a variable business loan. By paying less interest you pay back more of your original loan (the principal) with each repayment, becoming debt-free faster.
Business Term Loan
You can use this type of loan as a short-term funding solution, from 1 to 5 years, for things like working capital or to purchase inventory. Business term loans are normally secured by the company and in most cases against commercial or residential properties.
Cash Flow Facilities
Cash is the lifeblood of any business. It’s the money that bridges the gap between you paying your suppliers and receiving payment from your customers. Cash flow solutions vary from a simple overdraft facility to cover brief cash flow shortages to a pre-approved line of credit for ongoing borrowing. Lenders have innovative facilities that can help you release cash that’s tied up in credit sales invoices and inventory – ask us how.
Common questions about business loans
Q: Is there a way for my business to pay less interest?
A: A Business Offset Loan allows for the combining of balances of business accounts in order to reduce the amount of interest payable on a variable business loan. By paying less interest you pay back more of your original loan (the principal) with each repayment, becoming debt-free faster.
Q: How can you help me to improve the cash flow in my business?
A: Cash flow solutions vary from a simple overdraft facility to cover brief cash flow shortages to a pre-approved line of credit for ongoing borrowing. Lenders have innovative facilities that can help you release cash that’s tied up in credit sales invoices and inventory – ask us how.
Give us a call to discuss your financing needs.