If you’re like many small business owners, you probably have asked “How can I get a business loan?” or “Is it hard to get a business loan?” Getting a business loan for a small-to-medium enterprise in Australia can be a challenge. Before overcoming some of the hurdles to prove you can responsibly take on the loan, you need to decide which loan is best for your business.
For small business owners, GST (good and services tax) is an issue that comes up regularly. When starting out, a business owner must determine whether to register for GST. Australian businesses that have registered for the goods and services tax then need to account and pay the tax to the ATO. Here we’ll cover the elements that small business owners need to consider to meet requirements connected with the goods and services tax.
If you're a business owner, a breakeven analysis will help you determine when you will reach a breakeven point from the sales of your products or services.
The three most crucial statements that businesses use to check their financial performance are the income statement, cash flow statement, and balance sheet. Learn what an income statement (also known as a profit and loss statement (P&L)) is and what it can tell you about the financial health of a business.
The abbreviations EBIT and EBITDA are commonly used by financial analysts when looking at business performance. These metrics can also help small business owners and investors, so here we’ll explain what they are and how they are calculated.
You often hear the terms ‘gross profit’ and ‘net profit’ in relation to business results. Here we provide a brief explanation of these terms – plus gross profit margin and net profit margin – in relation to small business.
APR (Annualised Percentage Rate) is a key pricing metric when it comes to comparing business loans. Knowing the true cost of a loan can be complicated, especially with different lenders advertising different rates, under different terms.
Short-term business loans, by definition, have loan terms up to 36 months. A short-term business loan could be the answer to your business finance needs. Here are a few of the short-term finance options that could work for you.
SMEs are being called the winners of the Federal Budget, which aims to boost confidence, help businesses grow, and increase employment. Several measures are an extension of those introduced in the budget released in October 2020. Most of the benefits to businesses will come through tax relief, while SMEs can also benefit from targeted support, technological advancement initiatives and measures to enlarge their share of government procurement. Here’s a roundup of how the budget will impact SMEs and support economic recovery.
Construction business loans help to drive the economy. In Australia, the construction industry includes 1.1 million workers or 9.4 per cent of total employment, making it the third largest employing industry. Here we’ll examine some of the types of loans for construction businesses and how they can be used.
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