Covid-19 and business loan support packages
The current operating environment is obviously very challenging for most businesses around Australia. Whilst the current lending landscape for SMEs is constantly changing through this time, the following provides a summary of the government schemes to support businesses. Coronavirus SME Guarantee Scheme The government has announced a plan to support $40bn of lending to SMEs from […]
Finance in Focus – Rent Roll Finance
Rent roll finance can be a great way for real estate agencies or property management businesses to source cost effective finance to fund the growth and working capital of their business. What is rent roll finance? If you’re reading this article, chances are that you know what a rent roll is though for those not […]
Five crucial considerations when buying a business
You’ve made the decision to buy a business or pursue acquisition led growth of your existing business. Such an acquisition may enable access to new products, expertise and customers along with improved operating efficiencies and cost synergies. This can provide some great growth and return on capital opportunities for the business though there are many […]
Invoice discounting or factoring for your business?
The term invoice or receivables finance seems to instantly invoke thoughts of factoring in the minds of many business owners and finance directors. Factoring is one of the oldest forms of commercial finance that probably explains this thinking though in more recent times, new technology based lenders are offering very competitive invoice backed business loan […]
Finance in Focus – Equipment Finance
Equipment finance can be a great funding solution for small and medium sized businesses. The approval process is typically quick and painless, the interest rate and repayment terms are attractive, and the loan requires no personal asset property as security. There are different types of equipment finance options such as an operating lease, chattel mortgage […]
Funding for accounting and professional services firms
Own an accounting or professional services firm and want to know the debt capacity of your business? Or looking to buy another professional services firm and want to know if you can debt fund 100% of the acquisition? As you will no doubt be aware, all of the banks have a strong appetite to lend […]
Finance in Focus – Unsecured Business Loans
The unsecured business loan market has grown at a rapid rate over recent years. This growth has been largely driven by a large number of new lenders entering the market and demonstrates the level of demand for unsecured business loans from small and medium sized businesses. One online non-bank lender has provided over $400m of loans, mostly […]
Finance in Focus – Trade Finance
A key challenge for business, particularly those experiencing periods of growth, is access to funding. Without access to the required funding, sales opportunities often need to be turned down that curtails the growth prospects of the business and may result in lost client relationships. Trade finance is an important funding solution for many small and […]
ATO as a banker to SMEs
For many small and medium sized businesses, the temptation to use the ATO as a bank is high. Aside from not having to deal with everchanging relationship managers, the ATO will often be able to provide a cheaper source of funding that is available from mainstream lenders on an unsecured basis. Nevertheless, this approach is […]
5 industries that business lenders love
There’s no question that the ease or difficulty in securing a business loan is greatly influenced by the sector in which a business operates. Most lenders have approved lending policies for specific sectors that they are aggressively targeting that will also often mean allocated credit teams, streamlined approval processes and very competitive interest rates that […]