skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

Do you need finance?

Key points in this article

  • Why your business needs cash
  • Finding the means without borrowing more
  • The implications of borrowing

Concerned that a lack of funds may be limiting your business performance? Think through the various approaches to funding to help you decide your approach to sourcing it.

Why does your business need more cash?

Will more cash solve a problem, give you time to survive a difficult period, or create a growth opportunity?

Before you start seeking extra funds, get really clear on what your business needs and why. Review your business plan along with your business’s strengths, weaknesses, opportunities and threats to identify how much finance your business needs. Clarify how you’ll use it and the outcomes for your business as a result – some high / medium / low scenarios can be helpful.

First figure out why your business needs the extra money

Non-finance sources

Instead of finance, might the following options work for your business?


Release tied-up cash

Can you find the money you need inside your business? For example, could you hold a sale of slow-moving stock, sell equipment and lease it instead when needed, or resolve unpaid invoices more efficiently?


Establish strategic alliances

Collaborating with other businesses can create a support network while making it easier to engage with the larger community. Think about promotional opportunities (for example, sports equipment retailers and gyms offering discounts on each other’s products and services) or package deals (for example, hairdressers, beauty therapists, florists and cake shops offering joint packages to people getting married).

Longer credit terms with suppliers

Might your suppliers be willing to provide products or materials on credit for a longer period? If you can come to an agreement with better terms, you may have more opportunities to sell them on and make a profit potentially improving performance for your suppliers as well as your own business.

Increase market access

Might increasing sales provide the cash you need? If so, consider how you might be able to sell more products or services by changing your operations or refreshing your marketing.

Doing business online effectively means you’re open for business 24/7. Selling to people who’ve already bought from you once is easier than selling to new customers.

Do your target markets know about you and what makes you better than the competition? It could be time to re-evaluate your marketing.

Can you find extra cash within your business,
increase your market access or get longer credit terms from your suppliers?

Implications of borrowing

Once you decide to raise capital through external funding, think carefully about how much finance to ask for – borrowing either too much or not enough can hinder the growth of your business.

Additional loan applications can be problematic if you borrow too little initially, and borrowing more may be the answer if you’re confident your business can make a greater return. Either way, don’t borrow more than your business can afford to repay.

Complete a break even calculation and cash flow forecast so you know how much extra you’ll need to sell to cover your repayments – and always check your figures with your advisers.

What will the consequences be if you borrow more cash?

Get in touch

1800 801 485

Mon-Fri 8.30am to 8pm (AEST)

1800 801 485

Mon-Fri 8.30am to 8pm (AEST)

Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF 104kB) before acquiring the product.

This page contains only general information which is subject to change and is not a substitute for commercial judgement or professional advice. This information does not take into account your personal and financial needs, particular objectives and/or circumstances, and you should seek appropriate independent advice (which may include property, legal, financial, taxation and accounting advice) before making any decisions, investing, or acting on it.

Tools, templates, checklists, and calculators (“ANZ Tools”) linked or referred to on this page, are only some of many ways to analyse a business or industry, or to assist your planning and business decision making. You should seek the assistance of your accountant, business or other advisor when either planning for or analysing your business.

To the extent permitted by law, all members of the ANZ group of companies, their employees, officers and contractors (“ANZ“), offer no warranty and disclaim liability or responsibility to any person for any actions, claims, costs, demands, liability, or direct or indirect losses or damage that may result from using or relying on the information set out in the pages or the ANZ Tools, and / or any act, omission or error, by any person in relation to them.  To the extent permitted by law, ANZ makes no warranty and has no liability in respect of your use and reliance. ANZ Tools are also subject in many cases to further specific cautionary wording and disclaimers which you should read.

ANZ tools, templates and checklists are only some of many ways to analyse a business or industry to assist your planning and business decision making. You should seek the assistance of your business advisor or accountant when either planning for or analysing your business' performance. To the extent permitted by law, ANZ makes no warranty and has no liability, in respect of your use of and reliance on these tools.