If you need extra cash to grow your business, cash-out lending is one finance option that may be helpful.
Cash flow is essential for a healthy business, but sometimes you need a little help to keep things moving.
We understand that businesses need funding in order to succeed and grow. Dash Money provides no-doc loans for self-employed and small business borrowers secured by commercial or residential property.
Cash-out loans can be secured by property, however, there are options that don’t require mortgage security. They can also offer repayment flexibility to suit business needs.
Cash-out lending allows you to borrow funds against expected future revenue for business purposes, such as investing in [example].
From an equity line of credit to a term debt facility, cash-out loans come in many shapes and sizes. Speaking with a broker can help you determine which product is right for you.
Lenders typically look at the health of your business to determine if you qualify for a cash-out lending solution.
Cash-out loans are generally suited to businesses that have gaps in their working capital cycle – such as needing to pay for expenses before receiving customer payment.
The amount you can access with a cash flow loan will depend on your business needs and financial circumstances.
Cash-out loans typically take the form of an ongoing line of credit or a cash injection from a short-term business loan.
While loans used to provide a cash flow boost are usually shorter than a traditional business loan, line of credit options are often revolving and may be subject to annual review.
Cash-out lending is becoming more important for businesses – helping owners manage their cash flow cycle or make the most of a new business opportunity.
To learn more about a cash-out Dash Money loan or explore other business financing options available to you, speak to one of our Lending Specialists on 1300 327 448 or request a callback.