Managing higher rates and inflation calls for forward planning. Revisit business cashflow forecasts – and your household budget, to identify where costs can be trimmed without too much pain.
Now is the time to have a firm grasp of the rates you are paying on both commercial and personal finance. We often find business owners can’t pinpoint the interest rates they are paying, yet this is the starting point to know how your current financing arrangements shape up against the broader market.
Many lenders reserve their best deals for new customers.
If you’ve had the same home loan for several years for example, it’s highly likely you could save by switching to a different lender. The same applies to commercial finance.
You could potentially save – even when rates are rising, by refinancing both commercial and personal loans.
It can be stressful if you or your business are juggling multiple debts. Folding several loans including credit card balances, into a single debt can streamline your finances and your accounting systems, making cashflow management easier.
Consolidation can also deliver valuable savings if the newly consolidated loan comes with a lower overall rate.
All business owners are pressed for time. But this should not prevent you getting the best possible deal on personal and business finance.
Calling in expert such as AAP Finance Brokers can help you explore new finance strategies you may not have considered – options that can lower costs and free up extra cash.
It can be the difference between just getting by and forging ahead.
As experts in both business and personal finance, the team at AAP Finance Brokers can do the legwork on your behalf arranging new lending choices.
We save you time – and with our knowledge of the lending market – we can save you money.