#Cash Flow Finance
Businesses warned following bad debt spike
Figures recently released by National Credit Insurance (Brokers) showed that the number of bad debt claims in February 2011 is almost 80% higher than claims for the previous month. The spike has caused cash flow finance specialist Oxford Funding to warn businesses to keep an eye on their debtors.
Attaché release debtor reduction publication for small business
Attaché Software have released a new publication entitled ‘Bullet Proof your Business: Debtor Reduction Strategies’ to help businesses reduce the impact of outstanding debts and increase working capital. The publication is available to businesses free of change and comes with a Debtors Ready Reckoner chart to help businesses evaluate outstanding debtor days, along with a […]
COSBOA urges banks to help small business
The Council of Small Business of Australia (COSBOA) has called on the big banks to reduce their interest rates on loans to small business, following NAB’s decision to reduce loan rates to micro-enterprises by nearly 40 percent. COSBOA CEO, Jaye Radisich has commended NAB for this initiative, believing it is a positive step for small […]
Small businesses seek financial advice in crisis
Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]
Cash flow finance available for small business
As banks are increasingly tightening credit, Australia’s largest non-bank provider of cash flow finance, Scottish Pacific Benchmark (SPB) is offering finance for small businesses who may be struggling to find the working capital they need. With more than $50 million available to new clients, SPB’s cash flow finance allows small businesses to draw down against […]