Whether you plan to expand a business or are starting a new venture, there is generally a time when a cash injection is required to help boost the business and increase profits.
There is a wide range of financing options available, including business loans, credit cards, business overdrafts, debtor finance, and more. Interest rates will vary depending on the type of business you’re in and the purpose of the finance you’re seeking. Banks, building societies, peer-to-peer lending, and other financing sources will all offer different options with distinct advantages. Therefore, knowing precisely what you need is key.
Bartercard is an innovative credit solution
Having readily available cash is certainly ideal, but you may not want to commit your rainy-day funds to a project or expansion. This is why a business loan is the most common form of lending.
Business loans may be secured, unsecured, or peer-to-peer and offer repayment certainty via flexible terms so you can avoid the need for additional investors. However, any form of lending will frequently come with early repayment fees, which can be a burden. You may need to provide regular paperwork and statements to the lender to ensure your business will continue to meet the financial demands of the loan.
Bartercard can offer an alternative solution. When members join the Bartercard community, they are offered an automatic interest-free line of credit of $5000 trade dollars. You can immediately start trading and making purchases even when cash flow has slowed—perhaps during seasonal markets or when a business experiences a dip in sales. And better still, it comes without the interest rates of a business bank loan.
Bartercard’s interest-free line of credit has enabled many members to cover the essential start-up costs of their business or invest in revenue-generating expenses such as marketing and advertising, interior fitouts, equipment, larger premises and extra storage space sourced through Bartercard’s cashless ecosystem while conserving that all-important cash.
What do Bartercard members have to say?
The credit limits offered to Bartercard members are reviewed regularly and can be extended or reduced depending on the member’s trading history within the exchange. Members can also apply at any time to be considered for a credit limit increase. This has helped numerous members expand their businesses and thrive in their respective markets.
“Bartercard has been the making of our business. If it hadn’t been for Bartercard when we were stock-heavy, I’m not sure how we would have survived. Selling excess stock on trade was the key success at the time and the additional extensive sales have allowed my business to thrive.”
– Marg Farrell, The Design Project
“Hotels have the most perishable stock on the planet – if we don’t sell a room tonight, it’s never available for sale again. Most retailers, if they don’t sell their product today, it’s still available for sale tomorrow. It’s not the case with hotels; the sale is lost. Bartercard is another tool we use to ensure those rooms are full and don’t sit empty.”
– Peter Tennent, The Devon Hotel
“Our long-standing business had been a food and confectionery factory, manufacturing predominantly fudge and other associated products, with a small factory shop. The dream had been to grow the business into an integrated factory & café, and retail shop with a higher profile to increase our reach to a direct customer. Without Bartercard, we would not have been able to achieve this. With the advance on trade dollar sales, we were able to pay for a large amount of the expansion costs on Bartercard.”
– Linda Bryan, Rococo Café/Cottage Fare Ltd
Finance your business with Bartercard
Fund the capital growth to start or grow your business and improve cash flow with Bartercard’s Interest-Free Line of Credit – it’s a smart solution for your business. Contact us today for more information on how our finance solution could help boost your business.
You can also download our free eBook, which discusses the current lending landscape and traditional lending methods. We highlight the facts about Bartercard for small business owners and provide information on the benefits of the Bartercard membership.
