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Business Finance
• Business loans
• Debtor/Cash Flow Finance
• Insurance Premium Funding
• Inventory/Stock Finance
BUSINESS LOANS
Laurentide can arrange commercial loans for any worthwhile purpose - be it for the purchase of a new business, expansion of an existing one, or refinancing an existing loan. We have developed strong contacts within the major banks and can usually find an industry specialist who knows the intricacies involved in your business.
Specialised Industry Packages
Most commercial loans require real estate security. However, financiers have developed specialist industry packages where the only security is the business itself, and the loan is specifically tailored to address the unique needs of that industry.
We have specialised industry packages for the following industry sectors:
• Hospitality including Accommodation, Bars, Pubs & Taverns, Clubs, Caravan Parks.
• Business & Professional Services including Accountants, Financial Planners, Lawyers.
• Healthcare including Aged Care, Child Care, Dental, Medical, Pharmacy, Retirement Villages.
• Retailing including Newsagents, Independent Grocers and established franchises.
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DEBTOR/CASH FLOW FINANCE
Sometimes referred to as "Cash Flow Finance" or "Debtor Discounting" is working capital finance raised against accounts receivable – or your unpaid invoices (debtors).
The most obvious benefits of debtor finance flow from the fact that the business receives about 80% of its debtor payments within 24—48 hours instead of the normal 45-60 days. (The remaining 20% becomes payable after the debtor has paid the invoices financed.) This accelerated cash flow can be invaluable to a business undergoing rapid growth, restructuring, or having outgrown their traditional banking facilities.
There are two main variants on this type of finance: "factoring" and "invoice discounting":
• Under a "factoring" arrangement the financier assumes responsibility for debtor collections and accounting.
• Under "Invoice Discounting" these responsibilities are retained by the client - the key benefit being that the arrangement remains confidential or "undisclosed".
• Tax treatment may vary according to circumstance. Please consult your accountant or tax agent.
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INSURANCE PREMIUM FUNDING (IPF)
• IPF is a method of short-term lending that allows business customers to finance the cost of annual business insurance premiums.
• With IPF, customers can spread repayments between 6 and 12 instalments, to suit their cash flow.
• IPF is suited to businesses with combined business premiums totalling $5000 or more.
The types of policies that can be financed include:
o General Business Insurance
o Professional Indemnity
o WorkCover & Worker’s Compensation
o Public Liability Premiums
o Motor Fleet Policies
o Motor Registration Fees & CTP Insurance
Why finance Business Insurance Premiums with Laurentide IPF?
o Customers can improve their cashflow by using these funds for critical business opportunities such as growth.
o IPF preserves existing financial arrangements and generally requires no additional security.
o Competitive fixed interest rates and there are no hidden costs.
o Tax deductions may be available on interest paid (customers should consult tax advisor).
o Simple and convenient application process.
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INVENTORY/STOCK FINANCE
Inventory finance provides businesses with finance for the acquisition of stock for manufacturing or resale to their customers. To qualify clients need to be profitable, well-established, have current financials and annual sales of
$3 million or more.
Inventory finance is suited to manufactures, wholesalers and retailers who purchase stock from Australian or overseas suppliers. Finance is available for most new stock, ranging from raw materials and work in progress to finished goods.
What makes inventory finance unique is that the stock to be financed does not have to be pre-sold, invoiced and delivered. Additionally, clients are not required to provide real estate security.
Inventory Finance offers clients:
• A revolving line of credit with facility limits ranging from $400,000.00 to $3 million.
• Individual draw downs from $100,000.00 and from 30 to 120 days.
• Funding is inclusive of freight, customs and import duties and custom agent fees, where suitably invoiced.
• Additional term extensions are availible to match the repayment to the client's needs on slower moving stock.
• The ability to finance all types of stock, ranging from raw materials to finished goods.
• No repayments until the conclusion of the nominated term.
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