Bee Money in Melbourne, Victoria, Australia | Local service

Bee Money

Locality: Melbourne, Victoria, Australia

Phone: +61 1300 181 304

Address: Hive Workspace 257 Chapel St 3181 Melbourne, VIC, Australia

Website: http://www.beemoney.com.au/

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22.01.2022 #DebtorFinance #Factoring Debtor Finance is the collective term used for a range of services that improve business cash flow from invoices as soon as they are issued. There are 2 main types that we will focus on here:... * Type 1: Financiers will advance up to 80% of the value of a business' Accounts Receivable Ledger. The advance is usually discounted by the underlying interest costs. *Type 2: Factoring involves the sale of a business' book debts on a continuing basis. Usually the factoring company will buy the business' sale invoices at a discount of between 70% and 90% and then collects the invoice amounts from the customers. The business receives the cash less the discount within 48 hours and thus, keeps their cash flow maintained. Under both facilities, unpaid invoices are sold for immediate access to cash however, under a factoring arrangement, the factor manages the sales ledger and collection of accounts. For more information about #debtorfinance options contact one of our brokers @ [email protected]

21.01.2022 https://www.theguardian.com//nsw-property-tax-what-are-the #mortgagebroker #BeeMoney

20.01.2022 #BusinessInstalmentLoans Business Instalment Loans are designed to assist businesses in purchasing fixed assets or to help finance the business' long term growth & capital investment. It is a fixed term loan, for a specified amount, for a specific period of time (usually up to 10 years).... These loans can be used to finance up to 100% of the acquisition of assets, which can free up the business' working capital, which can then be utilised as additional investment funds to increase profitability. The loan can be amortised over a length of time to suit cash flow with monthly repayments. For more information, contact [email protected]

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19.01.2022 Income considerations: Business Losses: Business losses are deducted from the gross income unless it can be shown to a lender that the loss was a "one off" & business profit is likely to return.... Maintenance/Child Support: Most lenders do not accept maintenance as income but for those that do, the child in question, must be under 10 years of age & the payments must be supported by a court order or the Child Support Agency. Full statements are required & 50% of the maintenance is usually used to calculate serviceability. For more information, contact one of our brokers today: [email protected] #businessloans #mortgagebroker #businesslending #beemoney

18.01.2022 Our team of #finance #brokers have over 40 years of combined experience in the finance industry. Our Founder Jonathan, worked in financial regulation for 7 years. Jonathan has a masters of business and a financial planning qualification which gives him a good overview of the industry and has taught him great research skills to help with more complex matters when it comes to obtaining finance. Contact us today to talk to one of our brokers for a no obligation chat: Jonathan En...cavey 0478 166 396 christine Encavey 0423 550 244 Marlene Liontis 0417 693 547 See more

18.01.2022 #businessoverdraft #revolvinglineofcredit An #overdraft facility (revolving line of credit) is usually attached to a business cheque account with an agreed overdraft limit. Overdraft facilities can provide working capital for a business, before income is received. It should not be used for capital purchases or long term financing needs.... Overdrafts can be secured or unsecured but a credit assessment of the business' viability is required. Fees are applied depending on the credit limit. Overdrafts can be useful for allowing businesses to overdraw from their cheque account if income is temporarily insufficient to meet payments that are due. Note: * Doesn't require monthly repayments * Lenders can cancel the facility at any time * Usually reviewed on an annual basis * Is subject to the financial position of the business * Renewed each year * Interest is paid only on the amount drawn down To find out more about an overdraft facility for your business, contact one of our #brokers today: [email protected]

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17.01.2022 https://www.abc.net.au//wa-property-prices-set-to/12926918 #BeeMoney [email protected]

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09.01.2022 #Lineofcredit #Equityloan A Line of Credit or Equity Loan can provide a business with access to funds by allowing them to draw on an account balance up to an approved limit. As long as the balance does not exceed the approved limit, funds can be drawn down at any time.... The line of credit facility is usually secured by a registered mortgage over a property. The interest rate tends to be lower than for overdrafts and payments are required to at least cover the interest and fees on the loan. The main advantage of a line of credit is the flexibility. Like an overdraft it can be drawn as the business needs arise, such a funds for working capital requirements. To find out if your business can qualify for a lien of credit or equity loan, contact one of our brokers here: Jonathan Encavey 0478 166 396 Marlene Liontis 0417 693 547 christine Encavey 0423 550 244

08.01.2022 A Fully Drawn Advance facility provides access to funds upfront and is used for funding long term investments, such as new business equipment that will expand the capacity of the business. A fully drawn advance is a term loan with a scheduled principal and interest repayment program and are usually secured by a registered mortgage over a residential or commercial property or business asset. The interest rate may be fixed for for a period, providing certainty & stability for r...epayments an is generally suitable for longer term investment projects, where the loan contract may cover 5 to 10 years and where cash flow may be cyclic ie, farmers & growers. You can contact one of our brokers directly via LinkedIn or by phone for a no obligation discussion if you wish to explore your business finance options: Jonathan Encavey 0478 166 396 Marlene Liontis 0417 693 547 christine Encavey 0423 550 244 #businesslending #businessloans #commercialfinance #mortgagebroker #beemoney

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06.01.2022 Supporting documentation for your #loan submission: Financiers have individual requirements regarding application forms and contracts for finance. The forms and legal structures vary but there are some basic elements which must be included in a loan submission:... For individual and sole trader applicants: * Identification * Last 2 years of personal tax return For Partnerships: * Full identification details for one of the partners * Last 2 years personal tax returns for any individual(s) noted on the application. * Last 2 years tax returns for the partnership * Last 2 years profit/loss statements & balance sheets including full notes for the corresponding years. * A copy of the partnership agreement * Extract of the partnership agreement * Minutes/extract of minutes of a partnership * A letter from a solicitor/accountant verifying the details of the partnership Talk to us about your finance requirements today. Contact : Jonathan Encavey 0478 166 396 Marlene Liontis 0417 693 547 christine Encavey 0423550 244 #commercialfinance #businesslending #refinance #businessloans

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03.01.2022 Acceptable Securities for Leasing/Equipment #Finance To be eligible for equipment finance & leases, the asset being financed must be predominantly for business use. The equipment must be used for 51% or more, for business use in order to be acceptable under the "commercial finance & leasing stream".... Vehicles & equipment that can usually be considered for finance include: * Passenger cars * Light commercial vehicles * Heavy vehicles, trucks & trailers * Forklifts/excavators * Construction vehicles/equipment * Electronic/IT equipment * Printing presses/associated plant * Office fit outs for professional use For more information about #assetfinance contact one of our #brokers for a discussion today: [email protected]