Rupert Hogan, MD of BusinessLoans.ie had the pleasure of talking finance with Alison McMurtrie on Dream:Reality, the podcast providing practical tips for business owners & the challenges they face.
Alison runs Idunn Consulting and can help your business perform better.
BusinessLoans.ie is celebrating another happy client. An Irish construction firm secured over €110,000 to assist with machinery & working capital for a new housing project. Their business performed well in 2021 but a payment they were expecting was delayed. This impacted their cash flow and planning for their next big job. The owner had identified a used machine at a bargain price. While it was in great condition, it was too old for many asset finance lenders to quote. Our unsecured lender was unconcerned with the age of the asset. The business’s accounts & bank statement performance were strong enough to make the lending decision without taking a charge on the machine. The business owner was able to draw down their funds in days and got a machine that will be of great benefit to their ground works for their new project. On top of this they have some additional working capital left over to assist until the first stage payment comes in, easing cash flow pressure.
Does your business need a loan? Email us at hello@businessloans.ie or call 01 55 636 55 for fast finance quotes.
BusinessLoans.ie is celebrating another successful deal. It was a pizza chain franchisee that wasn’t trading so long. They didn’t have a set of accounts filed with the Companies Registration Office yet and this ruled out most debt financing options. Their bank was unable to help.
BusinessLoans.ie identified a fast finance quote based on their significant card machine turnover. Our lending partner provided a merchant cash advance of €25,000 with a flexible repayment that fits with their cash flow cycle. The client got their working capital and they were happy. Does your business need a fast finance quote? Email us at hello@businessloans.ie or call 01 55 636 55.
BusinessLoans.ie is celebrating helping another client. With the global issues in shipping, it’s put a strain on Irish businesses keeping enough stock in their warehouses. This was the same case for a tile retailer whose working capital was tied up in shipping containers in transit. They needed to make bigger orders and they didn’t have access to acceptable credit terms from their suppliers. While this business had some issues on their accounts as a result of the pandemic, they were enjoying better margins on their product with the general price increase in construction materials.
A finance quote opportunity was identified because they had a volume of retail card sales. Our lending partner secured over €40,000 in stocking finance for them with an option to top them up again in the coming months. They were happy. Does your business need a loan quote? Talk to us on 01 55 636 55 or email hello@businessloans.ie.
As we leave the summer months behind many business owners will have more time to plan for their business initiatives ahead. We are also getting to the stage where the Government will be phasing out supports. If you forecast that this could hit your cash flow and may need some working capital finance there are still some good options out there such as the Covid-19 Credit Guarantee Scheme. This can give you working capital financing, invoice financing, hire purchase, leasing and more. All at low rates and without personal guarantees. It’s always a good idea to do a health check on your business before seeking additional financing. Your accountant will be invaluable here. If financing is the right choice, BusinessLoans.ie is here to organise fast finance quotes 7 days. Email hello@businessloans.ie or call 01 55 636 55.
Irish business owner Todor Stanev has recently concluded another asset finance deal with help from BusinessLoans.ie. Stanev remarked "a year ago our business had 2 vans. BusinessLoans.ie helped us finance 13 more vans. Thanks to their assistance our turnover has multiplied many times."
BusinessLoans.ie MD Rupert Hogan commented on the latest deal "ITL Logistics is a prime example of how a well-run business with a hard-working team can be supported with finance. With every van they acquire their business grows. They really are a logistics company on the move!".
BusinessLoans.ie has assisted ITL Logistics with hire purchase & leasing options from the best alternative business finance companies operating in Ireland and at the best rates. If your business needs finance to grow call the business loans team now on 01 55 636 55.
