Using Business Finance Options to Get Ahead
Jan 24, 2013 (M2 PRESSWIRE via COMTEX) --
Business finance options are always available for a person to consider. There are many opportunities in which someone would want a business loan.
Parramatta, NSW, Australia - Business finance options are always available for a person to consider. There are many opportunities in which someone would want a business loan. It may be to buy a business for sale, get out of debt or for various other reasons. Those looking for such a loan now have a new place to go.
Business Turnaround is a business and finance consulting firm that offers businesses of all sizes assistance. They can help a business to secure new business finance or to get out of trouble with debt, wind up notices and similar situations. This will ensure that businesses are able to get the finances they need to proceed in the business world.
Particularly when starting with a business that wants to get off the ground, some form of business loans is required. Only a small percentage of entrepreneurs actually have cash to start their business. As a result, they will need a business plan and a way to get the money. There are secured and unsecured business finance opportunities available.
The role Business Turnaround plays is advising and counselling companies on where to go and how to proceed. They can help with writing a business plan and tell them about the Aussie banks that can be considered, such as GE Money and Bankwest.
With many business finance brokers throughout Australia, many business owners get confused. "Not all brokers have the interest of the client at heart," says Mike Haydon, co-owner of Business Turnaround. "This is where we step in and offer guidance to ensure clients get the best finance deal possible." Haydon and his partner Iden Werder have created the services offered to help businesses around the world get the assistance they need.
Every business has different needs. One of the first suggestions made is to use a business finance calculator and determine what all the costs are. If it is a franchise finance, many of the costs are already disclosed. Without it being a franchise, there are many hidden costs. Haydon and Werder urge clients to establish a budget early on to avoid getting into a debt situation down the road.
When the right financing deal is obtained, a business can get ahead. They may be able to get a business for sale for less than they otherwise would have. They may even be able to use some of the cash to put it back into the company to achieve greater results in the following quarter.
Financing options can be used for virtually anything. When an individual or a business has good credit, there are more options available. Good credit isn't a requirement, though. There are still options available, they may simply require a secured loan, a higher APR or some other factor. Haydon offers the advice of "compare deals before taking the first one you get approval on."
Too many businesses go through with financing without any advisors in place. They take the first deal and then they find themselves in debt. This can often be avoided by comparing options in the market. There would be less wind up notices being delivered through the courts if businesses stopped and thought about their decisions before jumping in head first.
No one has to go through financing their business alone. Business Turnaround has been in business for a number of years and their experience has helped many businesses throughout New South Wales and beyond.
Visit http://businessturnaround.com.au for more information.
Via MarketersMedia.com original release: http://marketersmedia.com/using-business-finance-options-to-get-ahead/3653
CONTACT: Name: Iden Werder
Address: 102 25-27 Grose Street, Parramatta NSW 2150 Australia
Organization: Business Turnaround
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