Latest News

June 23, 2021

Case Study: Construction Industry

Small Business Loan: Construction Industry Total Loan: $180,000 Monthly Turnover: $300,000 Purpose: Complete projects   Comments: Client required additional cash flow to wind up a number of existing projects while waiting on progress payments to come in which would allow them to move onto bigger projects. Client was unable to find a traditional lender willing to lend to the building industry without any property security. Fortunately our small business lender partners will assist residential and commercial builders and were able to approve and fund a […]
May 12, 2021

Federal budget 2021: small business update

A focus on digital Driving a digital economy is a top priority for this year’s budget and there will be associated benefits for small businesses. A $12.7 million boost to the Digital Solutions – Australian Small Business Advisory Services (ASBAS) program is set to help 17,000 businesses access free or subsidised advice on ecommerce, social media, data security and business software as well as wider business issues such as continuity planning and post-pandemic recovery. Electronic invoicing received a $15.3 million boost with the aim of […]
May 11, 2021

Case Study: Furniture Retail

Small Business Loan: Furniture Retail Total Loan: $70,000 Monthly Turnover: $110,000 Purpose: Purchase stock   Comments: Commercial furniture retailer in business for 3.5 years with turnover of $110k per month. Client wanted funds to take advantage of an opportunity to purchase stock at a discount. Their existing SME lender were unable to help. After assessing the business bank statement data and seeing their excellent cash flow management one of our lender partners was happy to fund a total of $70k for the client on top […]
November 21, 2019

Running your small business from home: How to set yourself up for success

Tips to successfully run your small business from home How can you set yourself up for success when running a small business from home? Here are some tips. Many businesses have been forced to close the doors of their physical stores due to lockdowns. Fortunately, business doesn’t have to come to a standstill as a result. The digital age means it’s possible to fire up your laptop and work from just about anywhere. But that convenience doesn’t mean working from home is without challenges. “Working […]
October 29, 2019

How to diversify your business

The unpredictable nature of 2020 means diversifying your business might be a smart thing to do. When the COVID-19 pandemic began to shut down economies around the world, businesses were forced to deal with unimagined challenges. This was bad news for businesses that liked the certainty of having all their eggs in one basket. But as so many of us worked our way through the first stages of a world that was adapting rapidly to phrases like “lockdown”, “quarantine” and “social distancing”, diverse income streams […]
September 24, 2019

Good vs Bad Debt

Good debt vs bad debt In Australia, debt is often considered a dirty word. But for many businesses, debt is a healthy way to grow and flourish. Here’s how to distinguish good debt from bad debt. One way to think about debt is like fat in a diet. There are types of debt that can make your business healthier, and debt you want to limit. Likewise, used incorrectly and in excess, debt can bloat and hamstring your business. But used wisely, good debt has the […]
August 3, 2019

How to deal with unpaid invoices at the end of the year

How to deal with unpaid invoices at the end of the year. The end-of-year period is a busy time of year for everyone, which means that making sure you’re paid on time can be particularly fraught. Invoice too late or don’t follow up a client promptly, and an invoice that could have been paid in mid-December might not hit your business’s bank account until February. In fact, Xero research confirms that invoice payments are slowest in January. That can lead to cash flow issues that can cause […]
July 21, 2019

Making the most of the seasonal ups and downs

“Strike while the iron is hot” – it’s an old adage, but holds a lot of truth. So, how do you make the most of the ups of seasonal business? And what can you do during the down times to set you up for peak success? Know what’s coming For anyone who’s been in business for more than a year, your seasonal fluctuations shouldn’t come as too much of a surprise. So, analyse the data, look at what happened last year and get ready to […]
June 12, 2019

How best to spend your small business’s time – and money – over the summer period

Whether your business is slowing down or gearing up as this year comes to a close, it’s smart to get those loose ends tied up and some plans in place, so you’re entering the new year ready to go.Here are six things you can do pre-2020 that could help you reap dividends next year. 1. Buy new stock Plan ahead and invest in the right stock – both product-wise and volume-wise. This is a particularly crucial move for those industries that experience a rush in […]
May 9, 2019

The benefits of decoupling personal and business finance

Is your business and personal finance wrapped up together? If so, now might be the time to consider ‘decoupling’. Access to funding is critical for many small businesses. And, the reality is that traditional lenders don’t typically lend to businesses who don’t have an extensive trading history. As a consequence, many businesses have resorted to using their personal mortgage, a personal loan or credit card to fund their business, with the belief that doing so is a viable and cost effective alternative. “Using personal credit […]