Any business goes through rough patches even more so with currency fluctuations and higher overhead costs. A lot of businesses have had to make a lot of critical changes to suit the business climate.
Here is a list of business loans offered by Lupiya and how they can benefit your business or help you seize an opportunity you have been holding out on.
- Working Capital Loans
Working capital simply refers to the funds that a business needs to keep the doors open and remain flexible. Those funds might be used to make payroll, boost inventory, try a new marketing scheme or simply pay monthly bills during a seasonal slow period.
2. Order Financing
Order finance is a form of short-term borrowing often used to improve a company’s working capital and cash flow when they have orders to execute. It allows a business (SME) to draw money against a confirmed purchase order from its customer (off taker).
Our Order financing product is a funding option for businesses/individuals that need cash/finance to meet a single or multiple customers’ orders. The financing will involve Lupiya paying the supplier of the applying company, for goods that have been ordered to fulfil a job for a customer. Lupiya will then collect their funds from the end customer.
Advantages of Order Financing
Order finances allows your business to meet your customers demands even in times where the business is short of cash due to delayed payments. Instead of turning your customers down this short term facility allows you to conduct business as usual.
This builds a good image to your clients since they know that they can always rely on you to meet their demands.
3. Invoice Discounting
Invoice discounting gives you access to the money in your accounts receivable ledger (unpaid customer invoices) much faster. Instead of waiting for your customers to pay your invoices, you take out a short-term loan from an invoice discounting company.
The Advantages of Invoice Discounting
The big advantage of invoice discounting is that you know you’re going to get paid quickly. This makes a big difference to your cash flow, especially if you have clients who normally take a long time to pay. Cash flow is vital to the health of your business so the better your cash flow, the more likely it is that your business will survive and thrive.
In times of opportunity business loans help the business grow while keeping it steady in times of uncertainty. This makes it easier to do business planning and forecasting, which in turn may allow you to take advantage of new investment opportunities.
Lupiya Team
