If you’re wondering how to get a small business loan online, this short guide will help you understand your options. There was a time when business owners would have to spend hours on paperwork and then wait weeks to see if they qualified. This all changed when lenders such as Moula made it easy to access unsecured business loans online. Here’s an overview of how to get an SME loan online.
With a wide range of business finance products available in Australia, it can be challenging to choose the right one for your needs. Let’s look at some of the points to consider when you compare business loans.
Invoice finance is one way businesses can improve their cash flow. Also known as debtor finance, cash flow finance, invoice discounting and accounts receivables finance, the dollar amount of invoice financing at any one time in Australia is around $75 billion, which is 3 per cent of GDP. While more businesses are using debtor finance to unlock the value of their unpaid invoices to improve working capital, it doesn’t come without a cost. Let’s look at the basics of invoice finance and unpack the elements that make up its cost.
Manufacturing business loans support an important sector of Australia’s economy. Although you might have read about the decline of Australian manufacturing, the figures paint a different picture. As of November 2017, 885,000 people were employed in manufacturing in Australia. This accounted for 7% of people employed, making manufacturing the sixth largest employer. The manufacturing industry also plays a pivotal role in innovation, with 5% of sector value invested in research and development in Australia.
Goodwill is an intangible asset that comes into play when buying or selling a business. Here are key points about goodwill including how it is calculated.
A cash flow forecast is a good way to stay on top of cash flow, one of the biggest challenges for small businesses in Australia.
There are times when a business can find itself in a tough spot and needing urgent business finance. Here we’ll look at some of the options for short-term loans when small businesses are struggling with cash flow.
In contrast to unsecured business loans, secured business loans require some form of collateral. Secured business loans have some advantages over unsecured loans, including lower interest rates and the ability to borrow a higher loan amount. If you are considering getting a secured business loan, you might be wondering what you can use as collateral.
All business finance falls into two categories – debt or equity. Understanding these forms of finance will help you decide what’s right for your business. Let’s start by looking at the definitions of debt finance and equity finance.
Before the rise of online business loans, there was a time when getting a business loan meant completing stacks of paperwork and then waiting six to eight weeks to find out if you were approved. That’s all changed with online business loans. Let’s look at this innovative way that SMEs are getting access to funds they need without the hassle of going through a bank loan application.
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