Do you need business finance?
If you’re anything like most SME owners, you’ve probably lost sleep over at least one of these scenarios:
- Cashflow problems, not having enough cash in your business to function smoothly.
- Not knowing how to grow your business or how to fund the expansion.
- Needing funds to invest on updating your equipment and technology.
- Pulling your hair out due to late payments or bad debt from customers.
- Your slow season is getting longer and busy season shorter leaving a massive cash gap.
These are valid worries. Cash can disappear and be agonizingly slow to come in, and sometimes a loan feels like the best option to help you through those times….. is it though?
Problems With Business Finance
Though on the surface it seems like a great idea, business finance can be a problematic solution…
Firstly, it’s getting harder for SMEs to secure these loans. More than 100,000 SMEs get turned away from business finance by the traditional banks each year (Preferred CFO, 2018).
This can lead business owners to seek out alternative finance solutions, which are invariably expensive and with interest charges being applied can compound the original cash issue down the line…. leading to even more sleepless nights!
What if there is a platform that gives you an initial interest free line of credit, while sourcing you new customers to repay what you spend?
Sounds too good to be true, I know…
But it isn’t!
BBX is a business community who offer a 100% interest free credit line to help you boost cash flow and let you sleep easy at night. Alongside this, our account managers will source you brand new customers from the community to help you pay back what you spend.
So the combined results of all this? An initial cash flow boost, brand new LOYAL customers, and improved profits. In other words: no more sleepless nights!
