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SMEs can struggle with securing finances from a major lender. Grow Finance is a specialist partner to the SME sector, providing flexible finance options.

No matter what kind of business you have, it takes strength, endurance and persistence to start and keep a small or medium sized business running. The reality of running a business is stressful, especially if you can’t secure finance from a major lender.

If you run an SME and you’ve been talking to one of the major lenders about securing finance to help with management of your business, you’ll know just how challenging it can be to get past the application phase. The simple fact is that many of the major lenders take a “one-size-fits-all” approach to finance for smaller business entities and see small business finance as far too risky to support.

The roadblocks encountered can be numerous. Whether it’s Directors’ guarantees requiring you to mortgage personal assets, lack of security on your balance sheet, or perhaps you’ve only been in business for a short period of time and you simply don’t have the cash flow or profit and loss history to support your lending application. Even the most secure, well run and profitable smaller businesses can struggle to get the attention of major business lenders to secure finance.

 

 

However, the reality is that business finance can be an exceptionally useful commercial strategy, whether you’re a small family business or an ASX listed company. Smart businesses use financing to support growth, to manage cash flow volatility, to make capital investments and to secure trading stock, among a raft of other potential benefits.

Grow Finance specialises in providing faster, easier finance solutions to small and medium sized businesses. Our major point of difference is that we don’t start from the assumption that every small business is the same and presents the same risk profile. Our finance specialists apply their deep industry knowledge to understand the way your business runs, what you need to operate and grow, and which risk-adjusted lending solutions are going to work best to ensure you achieve your business vision

Whether you’re looking for a specific finance solution to support purchase of new equipment or manage short term cashflow volatility, or you’re looking for a substantial small business loan to pursue a new initiative, the Grow Finance team will take the time to understand your requirements, assess your business situation and find a financing strategy to deliver against your requirements.

“No matter what kind of business you have, it takes strength, endurance and persistence to start and keep a small or medium sized business running.”

Importantly, at Grow Finance, we understand that time is of the essence. Your ability to maintain agility and respond to emerging opportunities is entirely dependent on how quickly you can get an answer about a potential loan. Our comprehensive prequalification process means that we can let you know within as little as two hours whether you are able to raise the funds to achieve your business strategy.

It is becoming increasingly apparent that small and medium sized businesses are the engine room of the Australian economy. At Grow Finance we get that, and we get that the engine needs fuel in the form of sensible, tailored, accessible business finance to drive growth.

If you want to be working with a business lender that’s willing to buy into your vision, then talk to Grow Finance today.

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