SERVICES | Video

Prospa | Making business growth possible for Fashion from Heaven.

Jun 26, 2019 | Reading Time: 3 minutes

PROSPA CAN HELP FUND YOU THROUGH SEASONAL CHALLENGES AND FILL STAFFING SHORTAGES TO FREE UP YOUR TIME TO WORK ON YOUR BUSINESS, NOT IN IT.

Cash flow for many small businesses can be affected by seasonal challenges, impacting upon opportunities for growth.

Margaret has owned Fashion from Heaven, a mid to high end clothing boutique, for more than thirty years.  Due to the very nature of the fashion industry, the cash flow for Margaret’s business is affected by different selling seasons. 

Frustrated by the bank’s unwillingness to understand the ebb and flow of the fashion industry, Margaret turned to a new accountant and broker who suggested that she contact Prospa

Margaret’s experience with Prospa has been a positive one from the start, “They really understood where I was coming from, and realised that I had a successful business and it was growing.”

Prospa recognises that growth opportunities and unexpected challenges pop up in small business.  That’s why they offer loans of $5000 to $300,000 with funding often available within 24 hours, plus cash flow friendly repayment terms. 

If a business has a turnover of more than $6,000 per month and can demonstrate six months of trading for a new business, or three months for an existing business, Prospa can help.

The end of the financial year (EOFY) can provide small businesses with both cash flow challenges and opportunities for growth.  A small loan from Prospa can help not only your day-to-day cash flow, but also the long-term profitability of your business. 

Prospa can assist you to overcome seasonal fluctuations, such as those experienced by Margaret and other members of the retail sector. 

A small loan can allow you to take advantage of EOFY sales offered by your suppliers and to place orders ahead of potential or known price increases.

For many small businesses, EOFY is a time to review expansion plans and generate new opportunities

Whether your business needs new premises, more employees or an investment in product development, a small business loan can help you grasp opportunities before they disappear. 

Prospa has a great EOFY offer for your business.  For all new approved business loans settled between the 10th and 30th June 2019, you can access your funds and then pay nothing until July 2019.  Fees, terms and conditions apply.  Visit Prospa online for more information.

For Margaret, accessing business finance allowed her to increase her staffing level.  This freed up her time to work on the business, rather than in it.  She has been able to research new labels and liaise with wholesalers, improve her social media reach and consider what her business needs to continue to grow.

Prospa is the number one online lender to Australian small businesses and for good reason; they understand small business and the need to access finance fast.

If you are after a small business loan to free up cash flow or to take your business to the next level, talk to Prospa today.

Pin It on Pinterest

Share This