Banks are maintaining tighter credit conditions, which has left many small businesses with very little room to move. The stricter lending criteria imposed by the banks has made it difficult for business owners to access the cash flow finance they require to grow and expand operations.
Darin Hindmarsh, CEO of Intellichoice Financial Services in Australia said that ‘most Australian small businesses are more concerned about access to finance than they are about any other issue.’
‘Concerns about getting access to finance is nothing new and still remains the number one concern for small businesses in Australia,’ said Hindmarsh.
Intellichoice has seen an increase in the level of enquiries and businesses looking for alternative cash flow finance in instances where the banks can’t assist. To better serve businesses in Australia, Intellichoice has strengthened its commercial finance team with the appointment of Joe Podobnik.
Mr Podobnik has over 20 years commercial finance and equipment finance experience, having previously worked for one of the big four banks in Australia at a senior level.
Mr Podobnik and the commercial finance team at Intellichoice have helped numerous businesses in Australia to meet payroll, pay vendors and take on new clients through alternative business cash flow solutions, such as invoice finance, debtor finance, trade finance, inventory finance, import and export finance and equipment rental. http://www.intellichoice.com.au/
Hindmarsh states that more and more businesses are discovering invoice finance as a tool for capitalising their growth. Small businesses receive their money within days from a funding source instead of waiting 30, 60 or even 90 days for the customer to pay their invoice.
‘When used strategically, invoice finance can be a very effective strategy for small to medium sized businesses. That means their doors can remain open to new opportunities,’
With access to all major lenders in Australia a wide variety of invoice finance, inventory finance and trade finance products, Mr Podobnik and the team at Intellichoice are on hand to help businesses take control. Call 1300 55 10 45 or visit http://www.intellichoice.com.au for more details.
