Business, Equipment & Home Finance for SMEs
As a business owner, staying ahead of the curve means not just adapting to changes in the market, but also to new regulations that could impact how you operate. One significant shift on the horizon is the introduction of the National Vehicle Efficiency Standard (NVES), which comes into effect on 1 January 2025. What’s the [...]
Cash flow is the lifeblood of any business. However, challenges often arise, such as delayed client payments, seasonal fluctuations, or unexpected expenses. Enter invoice financing – a strategic solution to regain control and propel your business forward. But what exactly is invoice financing? In essence, it's a transformative tool. Invoice financing empowers you to swiftly [...]
Securing finance for essential equipment is vital for business growth, regardless of company size. The right financing can enhance operations and productivity, but your credit score is a crucial factor influencing approval chances. Lenders, whether traditional banks or specialised financing companies, often scrutinise credit scores when evaluating loan applications. Your credit score serves as a [...]
Private sales typically involve direct interactions between individuals rather than businesses. These transactions can include the sale of used items, vehicles, equipment, yellow goods and more. Advantages Cost Savings: Private sales often avoid additional costs associated with buying from businesses, such as markups, taxes, and fees. Personal Touch: Buyers and sellers can communicate directly, fostering [...]
In the ever-evolving landscape of modern business, the pursuit of growth and innovation is a constant endeavour. While the concept of acquiring new assets to drive business expansion is not new, the methods by which businesses achieve this have evolved significantly. Enter asset finance – a strategic tool that has emerged as a cornerstone of [...]
Invoice Financing is an increasingly popular way for business owners to fund daily operations and growth. There are many Lenders in the market who provide Invoice Financing. Why Invoice Financing is needed When you allow customers time to pay, vital cash flow is locked up in outstanding debtors. While it may look great on a [...]
It is now far more affordable to salary package an electric vehicle. The cost difference between electric and petrol/diesel vehicles has been a major factor in Australia’s slow adoption of electric vehicles. The Federal Government introduced legislation in July 2022 to significantly reduce the cost of electric vehicles for Australians. Employers who allow current employees [...]
Many businesses and homeowners are asking the question, "should I refinance to get a better deal"? (This is not surprising given the recent rapid rate increases with the prospect of more to come). According to the Australian Bureau of Statistics, "the value of borrower refinancing of owner-occupier housing loan commitments between lenders rose 9.7 per [...]
A question I am often asked by clients is “What is the difference between Invoice Finance and Factoring”. While both invoice a Lender advancing funds against your debtors, how they work, and their cost is quite different. Of the two, Invoicing Finance is the most popular and is increasingly being used by businesses in Australia [...]
With interest rates rising, and uncertainty around the near- term outlook, it can be tempting to put off Equipment Financing decisions. Supply chains have been disrupted, interest rates are rising, and business input costs, particularly petrol and gas, are increasing. In these circumstances, it is easy for business owners to delay purchasing the equipment they [...]
