The terms ‘secured’ or ‘unsecured’ often come before ‘business loan’. Here we’ll take a quick look at secured business loans, how they differ from unsecured business loans, and how they are used by small business.
The popularity of fintech lenders has been growing exponentially since they hit the Australian finance scene in 2013. They grew from lending $10 million in the first year to $389 million in 2017, a 79% compound annual growth rate (CAGR). Why has there been such amazing growth? It has been due to the ability of fintechs to serve the business lending needs of SMEs that have been underserved by banks for a long time. Here we’ll provide an overview of fintech (financial technology) lenders and explore why they have become so popular for getting small business loans.
Have an innovative business that you believe has long-term growth potential? Are you willing to give up some control of your venture in exchange for investment in your business? If you answered ‘yes’ to these questions, venture capital could be the ideal finance option for your business.
Running a restaurant or café business requires getting all the ingredients right. These include quality food, friendly staff, exceptional customer service and a good location. Behind the scenes, cafés and restaurants need finance to get established and continue operating successfully. Here we’ll examine some of the reasons cafés and restaurants get business loans and consider some of the finance options available.
Business loans for marketing can be the key to boosting a company’s sales and profits. Many businesses, however, don’t know where to turn when seeking a marketing loan. A lack of funds for marketing holds many small businesses back and prevents them from reaching their full potential.
Summer holiday time in Australia can be a cash flow nightmare for many businesses. Although retail spending is booming before Christmas and during Boxing Day sales, many business-to-business companies can experience a big downturn in sales from mid-December until the end of January. Here we offer a few ideas to get avoid a summer cash flow crunch.
Invoice finance – also called invoice factoring, invoice discounting, debtor finance and accounts receivable finance – is a way for companies with unpaid invoices to receive their cash faster. Companies that offer payment terms can have a lot of money ‘locked up’ in their invoices while waiting for payment. For a large business, this could amount to millions of dollars outstanding. Here we cover the pros and cons of invoice finance in Australia.
Getting business loans in Australia can be challenging, especially for small to medium enterprises that haven’t been in business for a long time. The problem of business loans in Australia affects the ability of businesses to grow and increase employment. Here we’ll examine the causes of lack of business loans for SMEs in Australia and ways to overcome the challenge.
Australian businesses needing finance might not be aware that government business loans are an option, as you more often hear about government grants and assistance. But in reality, there are many forms of financial assistance from government agencies, including business loans. These loans are either interest-free or offered for low-interest rates.
Faced with stricter borrowing requirements from banks, more small to medium enterprises are considering all the options. One of these is ‘going public’ with an initial public offering (IPO). In Australia, there are around 2,400 publicly listed companies. Although you often hear about the large companies of the ASX 200 or ASX 500, you don’t have to be a large multinational business to get listed.
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