Tag: Business Loan

Could a US-style loan scheme save thousands of Australian businesses from closure as owners retire?

As a result of the COVID-19 pandemic causing business disruptions of an unprecedented scale, alternative lender Lumi has today called for lenders to put aside their differences and create partnerships to avoid finance bottlenecks in light of the government’s $15b injection announcement to small business loans. Due to the data and technology capabilities Lumi and […]

There is nothing more vexing than trying to bring your dream business to life, yet funding stands in your way like an ill-created bump in the road. However, there are many options that can give you the financial push that you need without you having to sell your soul and your right kidney. Fixed business […]

Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital […]

The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that […]

As the Royal Commission leads to an increase in lending standards and requirements for banks, many businesses will be forced to look outside the Big Four to raise the capital they need.  The good news is that there are a lot of untapped capital options for SMEs to look at. The Royal Commission has meant […]

With the emergence of a range of new funding sources for small and medium sized businesses, it’s crucial to understand what your company’s debt funding options are and the most competitive interest rate you will be able to obtain. The following sets out the broad categories of the different funding options for businesses and the […]

ANZ Bank recently announced their plan to lend $1 billion to new businesses to demonstrate their commitment to Australia’s small business sector.

When the Reserve Bank cut interest rates, home owners arm-wrestled the banks into passing on the cut. But, as Rohan Gamble finds, small businesses aren’t as lucky:

“Small businesses aren’t just missing out on full rate cuts, business lenders are taking almost double the amount of time to implement the rate reductions.”

Whether you’re running an established business or looking to start a brand new business getting the right advice is key to operating a successful venture. In Australia, small business owners have some high quality, inexpensive sources of advice and information that can help.