When we hear the word debt we shiver, and rightly so. The current economic climate is such, that more and more consumers and businesses find themselves fighting for survival, and the last thing people and business need is more debt.

But, if appropriated and used correctly, and at the right time, commercial finance can be to a business what water is to a tree. It will allow the business to grow and expand and increase its client base when needed and be a lifeline to ensure the continuity of the business and the protection of livelihoods.

Normally when we think commercial finance, we traditionally think vehicle asset finance, but commercial finance has evolved and is now much more diverse in its application and covers areas such as:

– Equipment Financing

– Trade Financing

– Working Capital

– Property Financing

– Short Term Loans

– Franchise Financing

– Renovations Financing

Commercial Finance is now more accessible than ever to businesses with multiple funders in the market. Still, businesses should make sure that they partner with reputable institutions that have their best interest at heart and are flexible enough to tailor-make solutions that fit the business’s specific needs.

Business owners often consider commercial finance as an option when it is needed to survive. It is not wrong, but it is not advisable. Commercial finance should rather be seen as a growth partner that allows the business owner the option to finance that next asset or apply for working capital for that next project without utilizing the cash reserves of the business. When applied in this manner, it can be a very useful tool in the hand of the business owner.