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    Cash flow finance

    Hi everyone,

    I like Morgs am a qualified Mortgage Broker, but have recently gone out on my own and am now solely concentrating on cash flow financesteve@gearupaustralia.com.au

    Or you can visit our website for more information http://www.gearupaustralia.com.au

    #2
    Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
    3D scanning
    3D modelling
    Structural certification
    3 and 5 axis milling

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      #3
      Originally posted by PLAYA View Post
      Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
      Hey Playa, yeah it definitely helps for expansion, but some clients have ATO debts they wan't to clear, helped someone yesterday that needed $20k for a new website

      A lot of people use it for wages, if they are waiting to get paid for work they have done, tradies in particular

      A client last week got a trailer and a concrete polisher for a huge job he won, he was able to buy the machine instead of hiring, so he will own the asset and it will let him bid on bigger jobs etc

      All the repayments are tax deductible as well, so definitely good for expansion, but it can help in lots of different ways

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        #4
        Similar to gogetta / silverchef?

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          #5
          Hi Tim,

          Sort of - the difference being though is that it isn't rent to own, and the finance is unsecured and not limited to actually having to purchase equipment

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            #6
            Is this similar to Scottish Pacific debtor finance?
            "If you can make black marks on a straight from the time you turn out of a corner until the braking point of the next turn, then you have enough horsepower." - Mark Donahue Penske Porsche 917

            "In Japan we no give fark for Subaru" - Trust Japan Technical Director
            (TM - AVENGE)

            "You can never have enough power. I remember when we had Group B cars... THEN we had enough power!"
            Juha Kankkunen - Rally of Argentina '02

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              #7
              Nah completely different, that is for bigger business

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                #8
                Is it unsecured as a personal loan?
                Or via the company with a guarantor?

                I've never dealt with this stuff but i do lots of commercial loans for new/used trucks.
                I like Football and Porno and books about War

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                  #9
                  Originally posted by PLAYA View Post
                  Not saying their is not a need I just can't figure this out unless you are rapidly expanding.
                  In construction 45 or even 60 days from end of month is becoming the norm.

                  Most of our suppliers are 14 - 21 days and the good ones we want to look after. We're lucky in that we can finance the gap but I'd hate to be a smaller player trying to survive on 60 days from eom. Do a job at the start of the month and you're waiting nearly 13 weeks to get paid

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                    #10
                    Originally posted by Steveodevo View Post
                    Nah completely different, that is for bigger business
                    So its just an unsecured loan? I'm guessing the rates are 10-15%?
                    "If you can make black marks on a straight from the time you turn out of a corner until the braking point of the next turn, then you have enough horsepower." - Mark Donahue Penske Porsche 917

                    "In Japan we no give fark for Subaru" - Trust Japan Technical Director
                    (TM - AVENGE)

                    "You can never have enough power. I remember when we had Group B cars... THEN we had enough power!"
                    Juha Kankkunen - Rally of Argentina '02

                    Comment


                      #11
                      Originally posted by gmr View Post
                      In construction 45 or even 60 days from end of month is becoming the norm.

                      Most of our suppliers are 14 - 21 days and the good ones we want to look after. We're lucky in that we can finance the gap but I'd hate to be a smaller player trying to survive on 60 days from eom. Do a job at the start of the month and you're waiting nearly 13 weeks to get paid
                      Yea I do that now. What I'm saying is like if you have been going for any period of time you should be able to bridge this gap in the not too distant future after starting.
                      3D scanning
                      3D modelling
                      Structural certification
                      3 and 5 axis milling

                      Comment


                        #12
                        Originally posted by bryan View Post
                        Is it unsecured as a personal loan?
                        Or via the company with a guarantor?

                        I've never dealt with this stuff but i do lots of commercial loans for new/used trucks.
                        It's an unsecured loan, 12-24 months

                        There is no interest rate either, it's a factor rate that gets calculated on various factors

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