Financing Your Business Again and again we hear the same story: the banks don’t understand my business; the banks won’t give me enough money; the banks won’t lend to me because I don’t have a property, the banks make it too hard to do anything. It wasn’t long ago that we sat down with […]
What is Debtor Finance? Do your customers exploit your payment terms to their benefit, drawing you out to up to 60, 90 or 120 days? When you needed cash for your business did the bank want your property as security? Did they want to impose covenants and limitations which would limit your growth? Increasingly banks […]
The easiest way to understand the funding landscape and by extension, lending trends in Australia is to split the market into four sectors: Government and Large Corporate businesses (BHP, Telstra, etc.); The Mid-Market (Companies with annual revenue between $10 million and $250 million); Small and Medium Businesses (SMEs); and Consumers. Each market sector is borrowing […]
1. My business is growing too fast They’re called growth pains for a reason – every business aspires to grow, but not every business is ready to do so. Investment in new products, bringing in new stock and new staff members are all costs businesses must incur to continue growing, but may have the expense […]
