ScotPac’s 2021 SME Growth Index insights report found that 60.2% of the SME Segment $1-5m were going to restructure their general business funding and 16.8% of those businesses used Invoice Finance to soften their lumpy cashflow.
Many businesses in South Australia have traded successfully throughout the last fiscal period, some with reliance on the Federal Government financial support during the COVID Pandemic. We are finding now that business owners are seeking alternative funding strategies for their business.
According to Sarah Sharples (2022) the ATO are now chasing those outstanding debts of circa $33.5b, which will put even more financial pressure on our South Australian Businesses. It is our view that business owners are not only looking to survive in the current climate, but to grow and take advantage of new opportunities. Let’s face it when South Australian businesses succeed and prosper so do the families that they support.
Expanding and growth often requires external finance. We can help you maintain your cash flow by funding your invoices as soon as they are issued. Brunswick have been trading as an independent Adelaide based Invoice financier for the past 23 years. During our trading history we have assisted many small to medium sized businesses with vital cash flow finance and we continue to support them.
Many businesses are looking for a helpful and flexible business relationship with their financier and accordingly, we are seeking to support your businesses on a one-to-one basis. Should your business require a lender that understands your cash flow needs then please contact us on the below information.
Our dealings are confidential, and we assure you that you will be pleasantly surprised by our products and service.
P: (08) 8210 7800 E: info@brunswickpl.com.au
Source: https://www.scotpac.com.au/wp-content/uploads/2021/08/SME-Growth-Index-Mar-21.pdf