The Overdraft

The most typical way for most small businesses to fund additional growth in their business is to ask for additional overdraft facilities from the bank securing the facility via the domestic residence........BUT

• 1) Your Home is Fixed in Value. - so any overdraft facility will be directly linked to the level of equity in your home, and the facility offered fixed, and not varying directly with the level of grant rebates you are applying for. So the additional facility may not be enough to fund the next 4 months of opportunities associated with the short timeframe to finance existing rebates.
• 2) With the Banks being increasingly cautious as a result of the credit crunch and the legacy of the downturn they are already scaling back how much cash they will make available to you (and are increasing the interest rates they charge)

Indeed you may have explored other financing options as well but found that lenders do not like:

• the fact that you only have one customer - the Federal Government and
• that the rebates are based around residential installations.........

so what can be done........?

As specialists in raising Working Capital Facilities (primarily factoring and inventory finance, in tandem with our lending partners, we have PROACTIVELY developed a funding solution