SME Cash provides a secured loan for all equipment types including IT and business equipment, software, plant, or anything used to generate income for the business.
Depending on the circumstances of your business, you may qualify for loans on equipment items costing up to $50,000 [??], software costing up to $25,000, and multiple loans totaling up to a maximum of $600,000.
This facility is pre-approved so you can negotiate the best price and not be reliant on Vendor Finance. We take security over the asset so that it doesn’t impact other facilities you may have.
Importantly, all SME Cash limits act as a revolving line of credit. This means that businesses can use the loan products at their own convenience by drawing down any amount up to their limit. As the loan is substantially paid back a new limit is available to drawdown.
If you’ve been registered for GST for at least 1 year and your Credit Score is at least Average you will automatically qualify for a loan. However we will consider advances to newer SME Clients. Credit Scores below our minimum may be funded subject to security such as partial cash bonds or deposit.
Your Top 5 imported Selling Items can be funded without a purchase order based on proven sales of these items (known as SKU’s)
Substantially Import goods especially with Purchase Orders from local Customers. SME Cash funds the overseas supplier with our Banks Letter of Credit until shipped usually free on Board and SME Cash owns the goods until sold on our behalf by you. When goods are received and immediately delivered the Buyers Invoice is funded and repays the Trade Finance
Export Trade Finance is supported substantially by Invoice Finance Facility. SME Cash will include a portion of your Invoice Finance Debtor’s Ledger as “Export” Buyers – this is usually 20% uninsured or up to 50% insured or Letter of Credit.
Manufacture to order and export already finished items. Especially with Purchase Orders from overseas Customers
SME Cash provides general purpose loans for any reasonable business purpose or purchase including working capital for pre-export finance. Items commonly paid for using general purpose loans include expensive repairs, fast approaching bills including the ATO, payroll growth, and costs related to expanding.