Free up your cashflow – here’s how we can help

With the raft of changes the government has bought in to combat and stimulate the economy for COVID-19, there are some opportunities to assist in your business.

But how can we help you?

Well, there are other options to help or ease cashflow for your business:

  • Sale and Lease Back – EXCLUSIVE offer.

Here at Simply finance, we have the unique position to be able to offer our existing and new clients the ability to free up working capital on their vehicles.  Whether they be fully owned, or under finance.

  • You may well be eligible to right off the asset completely as a new purchase
    • *if under $150,000 and your company turns over less than $500 Million annually
  • You can claim up to 50%, at any asset value over $150,000.
    • If you have previously claimed the instant asset write off, this is your chance to upgrade your current asset and not incur a large profit on sale as you are replacing it.
    • (please consult your accountant for tax advice)

Please note, this is a very specialised service that we are able to offer our clients.

  • Cashflow Finance

    • e.g. Jack has a company that has a monthly turnover of $50,000.  Based on this he can get a lend for $40,000 to be paid back over the next 2 years.
    • Alternatively he can get an ongoing redraw facility to the same value.
  • Asset Finance

    • e.g. Jack owns a property and is a director of a company that has been trading for more than two years. Vehicle purchase can be approved without having to provide financials on a vehicle up to $150,000.
  • Debtor Finance

    • e.g. Jack provides stock to other businesses, but has a 30 day payment policy.  Jack can get up to 90% of the invoice amount the moment he generates the invoice, shortening the payment term to immediate.
    • Jack has a large payment he is waiting for but needs the funds sooner to be able to deliver on his next project. Jack can borrow against the single payment or set up a facility allowing him to bring forward any amounts owing to him, and essentially only pay when he needs the funds.
  • Trade and Supply Chain Finance

    • e.g. Jack requires additional stock to keep up with demand, but is required to make payment in full immediately.  However, his cash flow does not allow for this.  Simply Finance can assist in funding this payment by delaying it or staggering it over a longer period
    • Jack’s suppliers offer large discounts to stimulate demand. Jack comes to Simply Finance who can quickly source finance which is cheaper than the discount being offered allowing him to scale up his business