EOFY alert! Financial year-end is fast approaching
Small business owners wanting to buy a vehicle, asset or important piece of equipment and immediately write off the cost have just over a month to act this financial year.
SMEs invest in machinery, IT and energy-efficient assets for growth
Australian small businesses are investing in their recovery through a surge in machinery purchases, IT and office technologies, and sustainable business assets, according to Commonwealth Bank (CBA) data.
How much have car prices gone up since the pandemic began?
Most of you would have noticed that car prices have gone up significantly over the past two years. But how much have they gone up exactly? Let’s take a look.
Thought about buying an EV? Interest rates for them are dropping
It wasn’t long ago that the idea of buying an electric vehicle (EV) seemed like a bit of futuristic science-fiction. But with interest rates on EV loans recently dropping to under 3%, going electric is now more in the realms of an everyday, mundane, household budget decision.
Flexibility emerges as a key priority for small business loans
What’s most important to you when selecting a lender to provide finance for your small business right now? Well, Australian small business owners have put 'flexibility' when it comes to loan repayments right up there on their priority list.
How many SMEs find it difficult to repay business loans?
Ever thought about taking out a loan for your business but hesitated because you were worried about meeting your repayments? Don’t worry, it’s a common concern. But some promising data has just come out that might help you put those fears aside.
Are your cashflow needs in order ahead of the summer trading season?
The summer trading season poses a raft of tricky cashflow and stocking challenges for retailers at the best of times, let alone following a global pandemic slowdown. But if done well it can set your business up nicely for the good times ahead.
Are you relying on a personal credit card for business expenses?
We’ve all been guilty of the odd credit card mix-up from time to time - it happens! But if you’re consistently relying on a personal credit card to pay your business expenses - like 4-in-10 SME owners - then it’s probably time to explore other funding options.
SME lending options are on the rise, but how do you access them?
While many SME owners worry about their access to finance, a surge of new lenders and products is rapidly expanding the options available. And brokers have an important role to play for businesses, says the Productivity Commission.
Only half of SMEs have recently been able to secure full funding: report
Almost one-in-two SMEs have applied for new funding in the last six months, a new report has found, and of those SMEs only half were successful in obtaining the full amount they were seeking.
