#Loans
Zero-interest business loans are now open. Here’s who qualifies and who’s being shut out
Zero-interest loans are now available for eligible Australian businesses. Here is what the program covers, who qualifies, and a question being raised about who is being left out.
Growth in loans to businesses evaporates
RBA statistics for April recorded the slowest annual growth in credit for mortgages since the data was first collected in the late 1970s. The growth of lending to businesses flatlined in April while personal loans retreated for the seventh month in a row and annual property credit plummeted to unprecedented lows, central bank statistics suggest. The […]
Lack of millennial home ownership results in rejected business loans
Nearly half (44%) of Gen Y (also referred to as millennials) small businesses have applied for finance in the last year and more than a third (39%) of those applications were declined. This is according to the latest findings from the MYOB Business Monitor. The report, which explores the state of play of 1,000 Australian […]
Ombudsman calls for more rigorous examination of CBA/Bankwest
Ombudsman has questions regarding the banking royal commission.
Securing a soft or hard loan for your SME
The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing […]
It’s 2016 and you’ve seen better days: four strategies to help your business cope with the excess of Christmas
The beginning and end of the year represent two extremes of the human condition. As the year draws to an end, we celebrate extravagantly and we spend. Australians are thought to have spent $8.9 billion on Christmas gifts last year. In the New Year, we redeem ourselves with healthy living – we cleanse, we detox and we […]
The need to be shrewd in the property boom: How one FinTech business ensures buyers secure the best mortgage deal
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to […]
SMEs prospering with Prospa as more turn to alternative lenders
From and early age, Greg Moshal has always been involved in small business. With his beginnings in a family venture to owning his own, the struggles of obtaining finance to start and grow a business became an all too familiar story. Speaking of his own experience starting and running a business, Greg told Dynamic Business […]
State-backed loan guarantee scheme for small business proposed
The Institute of Public Accountants (IPA) has introduced an Australian Small Business White Paper renewing its call for a state-backed loan guarantee scheme for small business. The paper was launched at a special event in Parliament House on Wednesday, 12 August and makes a number of key recommendations. IPA chief executive officer, Andrew Conway said […]
PayPal focuses on SMBs with loan product
PayPal has today announced the launch of Working Capital, a new loan product created to provide small-to-medium-sized business (SMBs) with access to funds via their PayPal accounts.
Why SMSF loan for property acquisitions?
Real Estate property investment through SMSF loans is no doubt the most tax-savvy and smartest way to improve the total return on investment of a superfund.
Tips to get your mortgage under control in 2011
After the success of our Tips for mortgage holders affected by Queensland & Victorian Floods article earlier this week, we asked Mortgage Choice for more general tips for business owners looking to get their mortgages under control and free up working capital for your business in 2011.
Tips for mortgage holders affected by Queensland & Victorian Floods
Mortgage Choice has identified a number of tips for mortgage holders and businesses with loans affected by the floods in Queensland and Victoria, we have republished them below and hope you find them useful.
CBA increases lending to small business to $25 billion
Commonwealth Bank has increased its small business lending at ten times the rate of competitors, with loans to small business totaling $25 billion The Australian reports.
Switching banks ‘too hard’ for consumers
Consumers are electing to stay with their current bank due to costs and barriers to exit in place to keep them with the institution a new report has found.
Bank to invest in small businesses
The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]