With cashflow in the first quarter of the new year typically feeling the effects of the quieter billing months of December and January, access to sufficient cashflow reserves can be a little constrained.
Here are two quick-fix solutions to boost your cash reserves:
1. Asset Refinance: Revisit recent outright purchases of equipment or vehicles from the last six months. In hindsight would it have been better if they were financed? A simple purchase and hire back option, paired with competitive financing, can replenish your funds without disrupting your options.
2. Low Doc Working Capital: Tap into low-documentation capital facilities for a swift cash boost or an ongoing overdraft-like solution that’s there when you need it, repayable and accessible on your terms.
It may also be beneficial to fund your insurance premiums. To learn more about Insurance Premium Funding, have a read of our blog: finlease.com.au/blog/insurance-premium-funding/
Ready to discuss cashflow solutions? Get in touch with Scott Kemp 0448 400 141 or send an email to skemp@finlease.com.au
Finlease is a sponsor of APPMA.
