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NEWS

What is Working Capital?

As they say, it takes money to make money. Working capital is the amount of money your business brings in minus the amount of money it costs your business to run. A business has many expenses: payroll, rent, utilities, and taxes!

What is Collateral

When you or your business needs money quicker than you can ‘make’ it, the first option that comes to mind is getting a loan. While there are many types of loan and funding options out there, some require collateral.

The Benefits of an Equipment Loan

With the coronavirus setting a new normal for employees, there might be a few reasons why a business might need equipment leasing. With cash flow tight, you may not want to spend all your cash and income just in case business isn’t back to normal right away. You may want to save your money for things like inventory or payroll or perhaps on your lease.

Equipment Financing vs. Equipment Leasing

When your small business needs equipment but you don't have the cash to buy it outright, you have two options: leasing the equipment or financing it. Like the name suggests, Equipment Financing/Leasing can be used to fund everything from vehicles to machinery. Typical industries who need to purchase expensive equipment include trucking, logistics, restaurant, construction, healthcare, auto lending and food trucks. 

How to Keep Employees Happy

If you’re a small business up against corporate giants, you won’t be able to lure employees with your wages or brand name alone, so it’s doubly important you keep employees happy using other means. Here are a few proven strategies for keeping staff members pulling in the right direction, and invested in your vision.

GetBackd Receives $2m Cash Injection

GetBackd has secured a $2 million senior debt facility from an established senior debt provider. GetBackd is a niche online lending business providing alternative funding to small businesses in retail, food and beverage sectors, as well as beauty industries. 

GetBackd - The Human Machine Approach

In the fourth quarter of 2018 the South African economy extracted itself from a technical recession by growing by 2.2%. However, challenging times still lay ahead, particularly for small businesses as they are more sensitive to contractions in consumer spending and dips in consumer confidence.