The Funding Challenge for SME Business Owners

business-environmentHere’s the scenario: you walk into your bank and attempt to find a business banker, if indeed, there is one onsite. Armed with your business plan, you’re ready to ask for some much need funding. It may not be much, but the same thing plays out. “Of course” says the banker. “Do you own your own home?”

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business-environmentHere’s the scenario: you walk into your bank and attempt to find a business banker, if indeed, there is one onsite. Armed with your business plan, you’re ready to ask for some much need funding. It may not be much, but the same thing plays out. “Of course” says the banker. “Do you own your own home?”

Imagine if you could fund your business without risking your home. There are actually funding solutions other than the above scenario, from invoice financing, to a FinTech to crowdfunding.

Out of most other options, invoice financing is the most established, and you don’t need to provide no personal security. You can call your account manager directly and they will come and see you, face-to-face, to work with you on making your business the best it can be. This all sounds pretty radical, but it’s not — it’s how it should be.

In essence, the model is that your business funding, and cash flow, is protected and provided with the backing of the invoices you write each month. The critical difference is the risk profile a bank would use to secure a funding agreement compared to Bibby Financial Services — the largest non-bank lender of invoice financing — in that they are not comparable at all. Bibby’s approach is one of personal relationships and close partnerships that utilise your business’s strengths to maximize performance. It’s a risk assessment model with a difference, which aims to provide the funds to grow business.

Bibby Financial Services has 30 years experience growing SMEs and is the largest global specialist provider of invoice finance services for business, with almost 7,000 clients in 16 countries worldwide and a local presence in each major Australian city. 

Just pick up the phone and call 1300 369 224. A human being, not a machine, will answer. But whatever you decide, check out your options for funding before you hand your house over. 

 

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