Effective business funding advice is all about planning for your future capital and cashflow needs. We can help you plan and find the best funding options for your business.
With over 40 years of experience, we have helped countless clients manage their cashflow and capital needs with appropriate funding options.
Our team can help you proactively plan for your future funding needs with detailed forecasting, finding the right lending options, and preparing documents.
We have long-standing relationships with the big four banks as well as in depth knowledge of new fintech opportunities, such as peer-to-peer lending.
Our goals is always to form long-term partnerships with all our clients. Having an in-depth understanding of your business means we'll be able to give you the best advice.
With the rise of fintechs and peer-to-peer lending, there are more business funding opportunities on the market than ever before. That means more opportunities for you to fund your business growth.
Our team can help you plan for your business funding needs and find the best funding options. We'll make sure you have the right funding at the right time to achieve your business goals.
Our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Our team is made up of experts and specialists. We can help you do it all.
There are plenty of funding options available, the trick is using the right one at the right time.
Growing your business will inevitably put a strain on your cashflow. To grow you will likely have to invest in marketing, invest in more staff, and invest in resources to enable growth.
That’s why understanding and accurately forecasting your growth rates and cashflow is crucial. It should give you a clear picture of what lays ahead and when it’s safe to invest for growth.
How much you can borrow depends on a number of factors, including:
Typically, an unsecured business loan will be $25,000 to $250,000. A secured loan can be anywhere from $250,000 plus.
This will depend on whether the loan is secured by an asset or is unsecured.
The interest rate is at the discretion of the lender; they will adjust the rate depending on how risky they assess the loan to be. If you have not been in business long and your cashflow is not straight forward, expect the interest rate to be higher.
Traditionally, your only option was to ask your bank for a loan or an overdraft. The rise of FinTech businesses in recent years has massively expanded your small business loan options.
Thanks to online accounting, tech-savvy lenders can now connect to your online accounting profile, understand your business and fund a loan for you in 24 hours.
For larger loans of $250,000 or more, then banks tend to have the best rates. For smaller loans that you need quickly, its best to look at the newer lenders such as Banjo, Prospa, and Moula.
This will depend largely on who you are borrowing from. You can expect a bank loan to take anywhere from two to six weeks. Fintech lenders can typically get a loan funded in one to seven days.
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