Commercial

7 tips for securing a business loan

Securing a business loan in Australia isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans to simpler options such as letters of credit, overdrafts and lines of credit. Here…

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Small business finance without the bank

While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from…

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Seven Tips For Securing A Business Loan

Published by MFAA Securing a business loan in Australia isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options…

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Investing in commercial premises through an SMSF

Some of the most important decisions a business owner will make are about their premises: whether to rent or buy, where to base the business and even the style of the property are important to get right. For those with an SMSF, there is one more option to consider: landing business premises and an investment…

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How to select a business loan

There are different types of business loans to suit different stages of a business lifecycle and different business needs, and selecting the right one can speed up the application process and minimise costs.   Finance for a start-up For a start-up company with no trading business or cash flow, it can be quite difficult to…

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Why your business loan was rejected…

Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is it taken as a reflection…

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Car finance for businesses

 The preservation of working capital and taxation benefits are two big draw cards for businesses looking to finance staff vehicles. Companies the world over are often faced with the costly requirement for staff cars. However, with the number of financing options on the rise, many business owners are turning to funding these purchases rather than…

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What Are Self-Managed Super Funds?

Self-managed super funds (SMSFs) are a great way of to save money for retirement. They differ from other super funds in the fact that members are also the trustees of the fund. Advantages of self-managed super funds The main advantage lies in the level of control trustees wield over the fund to meet their specific…

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What is Debtor Finance?

Most businesses feel they have no choice but to follow the industry practice of issuing invoices to customers on credit terms of at least 30 days. They are forced to follow this because it is the only way to acquire and retain clients. Unfortunately, a lot of these invoices can take up to 60 days…

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What is Asset Finance?

Asset finance is a type of finance used by businesses to get assets and equipment they need to grow. Typically it involves a regular payment for use of the asset over an agreed period of time, therefore avoiding the need to pay the full cost of the asset upfront. The most common types of asset…

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