Business, Equipment & Home Finance for SMEs
During the past 12 months, I was fortunate to be able to complete the Advanced Leadership Program run by Women & Leadership Australia. The program, specifically designed for female leaders was developed to equip women for leadership roles in business and address the significant gender leadership imbalance that exists in Australia. It was a rewarding [...]
The Balloon Payment (or Residual) is the final payment needed to finalise an equipment or motor vehicle finance contract. Business owners and individuals often prefer to include a Balloon Payment in their finance contract to reduce their monthly repayments. Balloon Payments bear interest but are not amortised over the term of the facility They approximate [...]
If you are thinking about leasing business equipment, it is important to understand the options available. To help you make an informed decision I’ve prepared the following checklist of important issues to consider. Leasing Business Equipment - The Business Case A key motivation for leasing business equipment is often its potential to generate income or [...]
The experience for many business owners is that it is possible to be profitable but not have enough cash. Logic says that if you were making a profit, you should have enough cash to pay your bills. However, this is not always the case! How can a business be profitable and not have enough cash? [...]
When applying for a business loan, there are steps you can take to avoid unnecessary delays and frustration. Whilst economists are painting an optimistic outlook for the Australian economy, Lenders are adopting a more cautious approach, seeking detailed information and taking longer to approve borrowings. Against this background, there are steps business owners can take [...]
Business equipment finance has evolved considerably over the past decade. A few years ago, if you were seeking equipment finance, most businesses would simply go to the Bank. Whilst the majors still have an important role to play, there are now many options available for business owners. In my experience, many are not aware of [...]
The 500 Group was delighted to learn this week that, Greg Pierlot was selected as the Commercial Finance Broker of the Year in the 2020 Australian Mortgage Awards. This is fantastic recognition for someone is always looking for ways to improve the experience we provide to our clients. Greg was excited and humbled to win [...]
For many business owners, the equipment finance process can seem a bit overwhelming and frustrating. This has been compounded further by COVID-19. Lenders are cautious, seeking additional information, and timelines can be protracted. Equipment Finance Process – It’s Not All Bad News! However, the good news is, despite all the pessimism, there are still Lenders [...]
From time to time as an Asset Finance Broker, I am approached to assist with financing specialised equipment that challenges the norm and is a bit outside the box. Often when it comes to finance, if you are trying to do something different, Lenders will sometimes run for cover and hide under the "our policy" [...]
Many businesses are finding it challenging to obtain business finance during COVID-19. Shutdowns and uncertainty as to when, and how long a recovery will take, has resulted in Lenders taking a far more cautious approach. Accessing Business Finance During COVID-19 - Uncharted Waters! Like everyone else, Lenders are in uncharted waters. As a result, policies [...]
