You can be profitable on paper and still feel broke in business. Sound familiar? Irregular income, late invoices, and seasonal slowdowns can make cash flow tricky for self-employed clients. Luckily, there are smart finance options that can help.
One of the biggest threats to small business is cashflow, managing that balance between investing into the business to help it grow while keeping cash aside for off seasons and costs can be tricky. The good news is there are options to help with cash flow finance for self-employed so you can keep the business running.
What is Cash Flow Finance?
It’s a way to smooth out your income gaps so you can pay bills, staff, or invest in growth without stressing. Cash flow finance for self-employed clients is effectively a business loan, that is used to help the business in times of growth, low sales or to secure a big contract. It injects cash into the business (quickly) so your business can keep doing what it does best, making money.
The Hidden Trap of Business Credit Cards
They might seem like a quick fix, but high interest rates and creeping debt can hurt your cash flow long term.
Alternatives: Line of Credit, Invoice Finance, Overdrafts
- Line of Credit: Borrow as needed and only pay interest on what you use.
- Invoice Finance: Get paid upfront for outstanding invoices.
- Business Overdraft: A buffer to cover short-term gaps.
Matching Finance to Your Business Cycle
Look at your busy and quiet seasons. Structure finance to support you during slow months and let you scale during peak times.
How to Get Started (Even if You’re New to Business)
- Keep clear, up-to-date financial records
- Register for GST if required
- Speak to a broker who understands the self-employed grind
Final Tip: Cash flow doesn’t have to be a constant struggle. The right financial products (and support team) can help you move from surviving to thriving. Contact us today to work through your options.