Business, Equipment & Home Finance for SMEs
A question business owners often ask, is it better to finance equipment or pay cash? While it may appear on the surface that paying cash rather than using finance is the better option if you have the funds available, there are advantages and disadvantages to consider. Benefits of paying cash rather than Financing Equipment The [...]
A fixed interest rate protects borrowers against potential rate increases for the term the rate is fixed. This can make budgeting easier and provide greater peace of mind. However, if you want to pay off the loan early, you will incur break costs! This cost can be significant, especially if you still have a long [...]
The Personal Property Security Register (PPSR) is a powerful tool that both individuals and businesses can use to protect their interests when buying: Motor Vehicles Equipment Goods Business Assets Used Equipment/Goods Intellectual Property What is the Personal Property Securities Register? The Personal Property Securities Register is a Federal Government online platform that was launched in [...]
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 [...]
