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Latest News
August 26, 2022
How to manage energy price increases? A business energy strategist provides her tips on ways to minimise the impact of energy price increases. At a glance: After an uncertain few years, rising energy prices have put salt into the wound for small businesses looking to stay afloat. Sharon Musker of WiseUp Energy says business owners should prepare for further uncertainty on energy costs – but that there are ways to minimise the impact of energy cost increases. Her advice is to minimise usage as […]
August 10, 2022
Small Business Loan: Mobile Phone Store Total Loan: $150,000 Monthly Turnover: $92,000 Purpose: Purchase inventory Comments: When a business needs to restock, there is no time to waste. This mobile phone store was ready to purchase new inventory and needed some additional cash as fast as possible. We managed to get them funded in just 24 hours thanks to our simple online application process – no hassle or paperwork required! Why Xpress Business Loans? We understand business owners are passionate about their business […]
August 8, 2022
Small Business Loan: Architect Total Loan: $100,000 Monthly Turnover: $125,000 Purpose: Hire and train staff for new contracts Comments: Architects are the masters of planning, and this client was no exception when it came to planning for business growth. They had a detailed action plan in place should they win a number of coveted new contracts they were tendering for. A quick and easy unsecured business loan gave them the funds they needed to hire and train their new staff. Why Xpress […]
August 3, 2022
Small Business Loan: Wholesale Trade Total Loan: $430,000 Monthly Turnover: $292,000 Purpose: Debt consolidation Comments: Wholesale trade company sought debt consolidation financing for general support of its strategic growth initiatives. Trading since 2014, this company has multiple independent businesses operating under one ABN. Due to this clients good payment history with their previous lenders, they were afforded the flexibility needed to assist with their funding needs. In just 3 days they were provided with $430,000 working capital over a term of 36 months allowing […]
July 19, 2022
Small Business Loan: Takeaway Food Total Loan: $100,000 Monthly Turnover: $57,000 Purpose: Renovate premises Comments: Local takeaway shop decided they wanted to update the look of their business. They didn’t have the capital required available and didn’t know where to go to get a loan for the renovation. They applied for an unsecured business loan and had their loan approved and funded within a few short days. The process was quick and easy, having only to provide 6 months of bank statements to verify […]
July 11, 2022
Small Business Loan: Convenience store Total Loan: $50,000 Monthly Turnover: $40,000 Purpose: Pay ATO debt Comments: The ATO is cracking down on debt and ramping up enforcement once more. This convenience store owner wanted to expand but couldn’t get a loan from their bank due to ATO debt. They applied for an unsecured business loan which allowed them to settle their tax debt and clear the way for the expansion loan from their bank. Why Xpress Business Loans? We understand business owners […]
July 3, 2022
Small Business Loan: Accounting Firm Total Loan: $70,000 Monthly Turnover: $30,000 Purpose: Business overheads Comments: This young Accounting firm needed additional cash flow to cover business overheads during their busiest time of year. It was important that they had the flexibility to pay the loan out early with no penalties. A business term loan of $70,0000 was approved and funded in 2 days. Why Xpress Business Loans? We understand business owners are passionate about their business which is why we look beyond […]
June 22, 2022
Does temporary full expensing apply to your business this EOFY? With EOFY on the horizon and the temporary full expensing scheme extended to the end of the 2022-23 financial year, now is a good time to understand what the scheme might mean for your business. At a glance: On 11 May 2021, as part of the Federal Budget 2021-22, the Government announced an extension of the temporary full expensing scheme by one year to 30 June 2023. Temporary full expensing allows businesses to deduct […]
June 8, 2022
Does your business need to raise funds? Whether you’re looking to take advantage of new opportunities or meet existing commitments, there’s a wide range of options available to suit every stage of your business journey. The two main sources of finance for businesses are debt and equity. Equity finance is raised by selling a share of your business to an investor, whereas debt finance entails borrowing money and repaying it with interest. Which funding solution may be right for your business depends on several factors […]
June 8, 2022
The government is making changes that will open new doors for small and medium enterprises (SMEs) in the lucrative government procurement market. As announced in its March Federal Budget, the government is strengthening the Commonwealth Procurement Rules (CPRS) to further boost the prospects for SMEs of securing Commonwealth contracts. It plans to do this by requiring government officials to consider breaking major projects into smaller contract opportunities for businesses – that is if the unbundling allows for greater competition and is appropriate to the type […]