.

  • Written by Teresa Lane & Greg Rogers

At times, everyone who runs a small or medium business thinks about growth or worries about money. Financial stress is sometimes unavoidable because things do not always go to plan.


John de Bree
Capify's John de Bree

When a business needs financial assistance, Capify.com.au, led by John de Bree, provides cash support in the form of unsecured alternative finance  loans to help during a cash flow crisis or to assist with business development.

Given that the aim of any well run business is to use existing money, personnel and resources to make more money there will be times when unforeseen events occur. Suppliers could change their terms, or construction out the front may disrupt access by customers or stock might get held up on the docks. A list of potential disasters and trouble would be too long for this column.

A Capify business advance is useful both for aspirational borrowers who are looking to expand and for people experiencing short term dramas with cash flow and unforeseen circumstances.

Capify is not an angel investor looking to take a share in and mentor start ups. It is an alternative finance lender in the Australian financial market offering two loan products to successful businesses that are operated by ethical managers.

Capify is an alternative finance lender that has a long held policy of only engaging in responsible lending and is the only Australian alternative finance provider to have gone through a full credit cycle. All borrowers are subject to a credit check and requests are considered on the basis of a robust sophisticated credit model.

Factors such as: a borrower's experience based on how long the person has been in business, the type of business, serviceability and the owner's credit score are taken into account.

Merchant Cash Advance

One product, known as the MERCHANT CASH ADVANCE, provides a lump sum to a well run business, to use as the borrower chooses, providing capital to keep the business running during a crisis or in an expansion phase.

This Capify lending product assists businesses when they need working capital.

Capify is repaid with daily installments taken from cash flow based on a percentage of the borrower’s cash flow. The amount repaid each day is a percentage of takings and is tailored to each borrower's cash flow. On quiet days or in seasonal lulls, payments are reduced  but when business is trading normally, the loan repayments match the increased capacity to repay.

Capify determines loan requests based on different lending criteria to banks. Banks often require two years tax returns, a business plan and a cash flow forecast. On the other hand, Capify looks at a loan request from an alternative lender’s perspective, providing the best possible chance to obtain finance.

Business finance has evolved as technology has evolved. It is possible now to see how a business is operating from an examination of electronic cash transactions. The evidence of income needed to support a loan, can be found in at least six months of daily cash flow. Looking at daily figures and the history of a borrower are the points of difference between bank lending and alternative business funding.

Until Capify entered the market, banks were the primary source of business loans. The somewhat rigid requirements of a bank often meant that a viable business that did not match their criteria would "go under" or managers would "tough it out" or had to borrow from friends in desperation.

Business loans

Capify has other business lending products that fill gaps in the Australian credit market. When a bank declines a request for a loan on the basis of set criteria, a Capify Business Loan can be tailored to a borrower's individual needs.

Capify Business Loans up to around $400,000.00 are available to eligible applicants.

As a leader in the alternate business lending market, Capify is continually creating new loan products for businesses that do not meet historically inflexible bank requirements. Capify is more than just an alternative finance lender. It looks to add value to the businesses that it assists.

Key points to remember about Capify

Capify (formerly AUSvance) is a global conglomerate of four companies in the USA, Australia, UK and Canada and has a 13 year history.

Capify started in the U.S.A. in 2002 and in Australia in 2008.

Apply Online is Capify’s in-house custom-built online application engine which serves as a simple, end-to-end application process that produces funding decisions in less than 60 seconds.

Capify has a policy of not lending to start up businesses unless the loan applicant has had a previous businesses with a credit loan history.

Capify only lends to businesses.

Capify is not an angel investor.

Capify does not take an equity in a borrower's business

Capify provides  unsecured alternative finance options.

Capify lends to a business according to a set of lending guidelines that have evolved since the business was established in 2008. Capify lends money to a business (average facility is $45,000.00) based on a proportion of monthly income and based on evidence income from operations verified by payment processing receipts.

Capify is repaid by way of a daily percentage of income of a business from normal operations. If a business takes in cash on sales or services to the value of $3,000.00 a day for example, Capify will receive a pre determined percentage of that income to repay the interest and principle.

Capify considers credit history of the business owner and evaluates requests for finance on the basis of a professional opinion of likelihood of repayment.

Capify started in the U.S.A. in 2002 and in Australia in 2008.

Capify is a lender not a broker and sources its own funding for use in its loans.

Capify provides business loans to SMEs

Tags

Published as Capify is an alternative finance lender for SMEs in Australia.

Your baby shower questions answered

After being invited to a kitchen tea, there are probably very few functions that a man wants to go to less than a baby shower. For many, even funerals are more desirable. Quite simply, men are uncomfortable around babies, they are awkward with the ...

News Company - avatar News Company

Quantum physics experiment shows Heisenberg was right about uncertainty, in a certain sense

Quantum particles are not really just particles... they are also waves. Shutterstock/agsandrewThe word uncertainty is used a lot in quantum mechanics. One school of thought is that this means there&rs...

Howard Wiseman, Director, Centre for Quantum Dynamics, Griffith University - avatar Howard Wiseman, Director, Centre for Quantum Dynamics, Griffith University

Setka furore opens division within the labour movement – and there is no easy solution

Setka has form in attracting negative media attention as Victorian state secretary of the Construction, Forestry, Mining, Maritime and Energy Union. AAP/Daniel PockettJohn Setka’s reported comme...

Ray Markey, Emeritus Professor, Macquarie University - avatar Ray Markey, Emeritus Professor, Macquarie University

VIDEO: Michelle Grattan on John Setka, press freedom, Adani approval and tax

Opposition leader Anthony Albanese has called for John Setka to be expelled from the Labor Party. AAP/Bianca de MarchiMichelle Grattan talks with University of Canberra Deputy Vice-Chancellor and Vice...

Michelle Grattan, Professorial Fellow, University of Canberra - avatar Michelle Grattan, Professorial Fellow, University of Canberra

Built like buildings, boab trees are life-savers with a chequered past

A boab tree in the Kimberley. Boab trees can live for thousands of years and their trunks hollow out as they get older. ShutterstockSign up to the Beating Around the Bush newsletter here, and suggest...

Gregory Moore, Doctor of Botany, University of Melbourne - avatar Gregory Moore, Doctor of Botany, University of Melbourne

Proposal to mine fossil-rich site in New Zealand sparks campaign to protect it

Foulden Maar formed 23 million years ago and contains tens of thousands of fossils of extinct plants and animals. Supplied, CC BY-NDAn Australian company’s application to mine a fossil-rich site...

Nic Rawlence, Lecturer in Ancient DNA, University of Otago - avatar Nic Rawlence, Lecturer in Ancient DNA, University of Otago

'People felt totally trapped': what it's like to be a pensioner renting privately as Australia's housing costs soar

Older private renters are far more likely to experience loneliness than their counterparts in social housing and that loneliness can be acute. ShutterstockA growing number of older Australians don&rsq...

Sunanda Creagh, Head of Digital Storytelling - avatar Sunanda Creagh, Head of Digital Storytelling

How a cyber attack hampered Hong Kong protesters

Massive public protests taking place in Hong Kong over the past week are aimed at a new extradition law, known as the Fugitive Offenders Ordinance, that would see accused criminals extradited to mainl...

Stanley Shanapinda, Research Fellow, La Trobe University - avatar Stanley Shanapinda, Research Fellow, La Trobe University

Research Check: is white meat as bad for your cholesterol levels as red meat?

Whether you're eating red meat or white meat, a lean cut is the healthier way to go. From shutterstock.comYou’ve probably heard eating too much fatty red meat is bad for your health, while lean ...

Clare Collins, Professor in Nutrition and Dietetics, University of Newcastle - avatar Clare Collins, Professor in Nutrition and Dietetics, University of Newcastle

Inside the story: the all-knowing narrator in Kim Scott's Taboo

View from a highway rest stop east of Ravensthorpe, Western Australia. In Kim Scott's Taboo, the landscape becomes a narrator. Chris Fithall/flickr, CC BYWhy do we tell stories, and how are they craft...

Julienne van Loon, Vice Chancellor's Principal Research Fellow, School of Media & Communication, RMIT University - avatar Julienne van Loon, Vice Chancellor's Principal Research Fellow, School of Media & Communication, RMIT University

Adani is cleared to start digging its coal mine – six key questions answered

There is now nothing standing between Indian mining giant Adani and the coal buried in Queensland’s Galilee Basin. By approving the Adani’s groundwater management plan on June 13, the Que...

Adrian Werner, Professor of Hydrogeology, Flinders University - avatar Adrian Werner, Professor of Hydrogeology, Flinders University

Vital Signs: the RBA's marching orders are no longer realistic. They'll have to change

Every few years, the government hands the Reserve Bank a new set of instructions. ShutterstockA somewhat obscure fact about the marching orders for Australia’s Reserve Bank is that, usually, whe...

Richard Holden, Professor of Economics, UNSW - avatar Richard Holden, Professor of Economics, UNSW

Friday essay: Barry Humphries' humour is now history – that's the fate of topical, satirical comedy

Dame Edna Everage at Melbourne Town Hall in 2006 after being presented with the Key to the City. Simon Mossman/AAPLet’s face it, Thursday evenings on ABC television are not quite the same any m...

Anne Pender, Professor, University of New England - avatar Anne Pender, Professor, University of New England

Sick with the flu? Here's why you feel so bad

You might feel terrible. But your runny nose, sore throat and aches are signs your body is fighting the flu virus. And that's a good thing. from www.shutterstock.com“You never forget the flu&rdq...

Stephen Turner, Professor, viral immunology, Monash University - avatar Stephen Turner, Professor, viral immunology, Monash University

Children with autism may use memory differently. Understanding this could help us teach them

Some stereotypical behaviours of individuals with autism suggest they don’t use a certain type of memory in the same way others might. Annie Spratt/UnsplashAround one in every 70 Australians are...

John Munro, Professor, Faculty of Education and Arts, Australian Catholic University - avatar John Munro, Professor, Faculty of Education and Arts, Australian Catholic University

City temperatures and city economics, a hidden relationship between sun and wind and profits

Cairns Lagoon: as a good response to the tropical climate, it's a very active place but with little business activity. Silvia Tavares, Author providedUrban design undoubtedly influences the urban econ...

Silvia Tavares, Lecturer in Urban Design, James Cook University - avatar Silvia Tavares, Lecturer in Urban Design, James Cook University

6 actions Australia's government can take right now to target online racism

Paul Fletcher, Australia's recently appointed minister for communications, cyber safety and the arts, says he wants to make the internet safe for everyone. Markus Spiske / unsplash, CC BYPaul Fletche...

Andrew Jakubowicz, Emeritus Professor of Sociology, University of Technology Sydney - avatar Andrew Jakubowicz, Emeritus Professor of Sociology, University of Technology Sydney

Racial abuse is rife in junior sports – and little is being done to address it

Junior sports clubs in Australia have policies in place for handling racial taunting and vilification, but punishments are rarely enforced. David Crosling/AAPThe AFL and its clubs have finally issued...

Karen Farquharson, Head, School of Social and Political Sciences and Professor of Sociology, University of Melbourne - avatar Karen Farquharson, Head, School of Social and Political Sciences and Professor of Sociology, University of Melbourne

Why too many fearless people on a team make collaboration less likely

People high on psychopathic personality traits, such as fearlessness and impulsiveness, often refuse to find common ground. from www.shutterstock.com, CC BY-NDTeam work is common across society. From ...

Hedwig Eisenbarth, Senior Lecturer in Psychology, Victoria University of Wellington - avatar Hedwig Eisenbarth, Senior Lecturer in Psychology, Victoria University of Wellington

LifeStyle

8 Cool Yet Romantic Things to do in Australia

Australia is a wonderful place for vacationing this summer and you can beat the heat as they have ...

How to Banish Dark Circles without the Need for Cucumber Slices

Dark circles can be downright annoying, especially when you are getting enough sleep. So, what cau...

Innovation and Future Trends in the Beauty Industry

  When medicine, tech, and beauty join forces, there’s no stopping the innovative solutions th...

Best Vape Mods and Box Mods That You Should Know

Experienced and long-term vapers will agree that vape mods and box mods have greatly improved vapi...