Business, Equipment & Home Finance for SMEs
One question we are often asked by clients is why does the Bank want security when I am seeking finance for my business? Just as we insure our cars, (even though we do not intend to have an accident), Banks’ seek security as a form of insurance for their loan. The security provides a fall-back [...]
The 500 Group is delighted to announce we have been named as a Finalist in the Australian Broking Awards 2019 for Customer Service. The Australian Broking Awards are aimed at recognising excellence among the industries top brokers across the country. The Awards are run in partnership with the Commonwealth Bank and are the most sought-after [...]
Over recent months, we have seen more businesses starting to look at Debt Restructuring as a way to: More efficiently use their assets Free up cashflow Correctly align debt to purpose/assets Consolidate borrowings Obtain improved pricing and/or conditions Debt Restructuring - Why Does it Become Necessary? Debt Restructuring becomes necessary because business is dynamic. As [...]
I was able to achieve a good customer outcome for a client seeking Fitout Finance for a new retail outlet. Whilst the client was an experienced retailer, the finance was for a start-up outlet in a new shopping centre. Fitout Finance for a new retail outlet - The challenge! Fitout finance for a new retail [...]
Are you planning the fitout of your restaurant or cafe, but have questions about what you need to consider - if so, download our FREE eBook - The Fitout Finance Handbook for Restaurants and Cafes. Assisting clients with the fitout of their restaurant or cafe is something I truly enjoy! I love seeing a fitout [...]
The team from The 500 Group were delighted to spend time at St Mary’s House of Welcome this week cooking and serving meals for the community they serve. St Mary’s House of Welcome was established by the Daughters of Charity to assist the disadvantaged in our community by providing meals and a safe place. St [...]
It is now 6 weeks since the Banking Royal Commission Report was delivered to the Government. With all the emotion, media and public interest in the Commission findings, we decided to let the dust settle before providing our views. In the days and weeks following the announcement, the discussion was all about Brokers! Not the [...]
Over the past few years, in Australia we have seen an increasing number of parents helping their children to buy a home. Initially, this trend was driven by rapidly escalating property prices and the desire to help their children purchase a home whilst it was still affordable. Of more recent times, with a more stringent [...]
Financing Specialised Equipment can be a challenge particularly where a business does “not tick all the boxes” from a clinical credit perspective. Business by its very nature is dynamic. As many business owners know there are ups and downs! Often the pathway to success is littered with potholes! Making it difficult for business owners to [...]
In my days before finance, I worked for a major retail corporate and responsible for the display of merchandise throughout their new retail outlets across Victoria, it opened my eyes to the complexity involved with business premises fitout. To the many factors that need to be considered to ensure a great customer experience. This combined [...]
