Moula Head of Strategic Partnerships, Sam Sfeir, spoke to Mortgage Professional Australia about the importance of competition in SME lending. Sam adds that competition encourages incumbents to lift their service…
“Which social media platforms should I use to market my business?” This is an important question asked by business owners and managers. Businesses that choose the wrong social media platforms waste time and money and don’t get the results they're looking for from their content marketing efforts. Here we unpack the top 8 social media platforms for business, including their pros and cons.
Many things hold us back from overcoming business problems: fear, procrastination, self-doubt, a lack of time or resources, a low success rate. But you can’t let these stop you. Although facing challenges is a big part of small business, you can learn to overcome them. Here are some of the ways:
Amortisation is a common accounting practice that is used to reduce the book value of a loan or an intangible asset over a stipulated period of time.
Merchant cash advances are an alternative form of business finance that’s popular with small businesses that need funds but don’t have assets to provide as security. With a merchant cash advance, the lending is secured with future sales made through your card payment terminal. Repayments are automatically made, with a fixed percentage of your sales made through the card terminal. The repayment portion never enters the bank account of the borrowing business but goes directly to repay the lender. Since future payments act as security, there is no collateral required. This makes it a simple form of small business financing for companies that mainly get paid through credit cards, debit cards or EFTPOS.
Business loan myths can hold people back when they are looking for business finance. Here we'll take a closer look at these business loan myths and why they don’t stand up.
If you have researched the business finance options available, you have probably come across the term ‘factor rate’. A factor rate is a common way for pricing certain types of business finance, including short-term business loans and merchant cash advances. If you are considering a loan that is quoted using a factor rate, it’s essential that you know what it is and what you are really paying.
If you've never considered how to get a business loan, you probably aren’t familiar with the process or what’s required. If you are inexperienced when it comes to business loans, here we answer some of the basic questions that are asked regularly about how to get a business loan.
Two of the most frustrating things business owners face are late payments and bad (unpaid) debts. After all you have done in professionally delivering your product or service, you deserve to get paid and get paid on time. But that’s not the reality for most small businesses.
Typically, a commercial loan is a large, long-term loan that can be used for a number of purposes, including buying equipment, hiring staff or purchasing commercial property. Here, we cover the details of commercial loans in Australia.
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