A cash flow statement is one of three financial statements that are crucial for any organisation. The other two are the income statement and balance sheet. Here we’ll take a closer look at this important financial statement and how it works.
What is a balance sheet? It's one of three financial statements showing how well a business is doing financially. The most crucial of these is the balance sheet, also known as a statement of financial position. The other two reports are the income statement and cash flow statement.
Business loan rates and business loan fees can be confusing. Many options are available with different interest rates. In addition, varying fees and charges apply across the spectrum of business finance. To clear up any confusion you might have about business banking, we will take a closer look at business loan fees and rates.
Getting finance when you’re new in business can be a challenge. New business loans are not easily accessible if you don’t have a track record or don’t have assets to use as collateral. Here we’ll look at some of the types of new business loans you might consider after starting a business.
Cash flow is the lifeblood of any business and key to its ongoing success. However, managing it effectively is also one of the biggest challenges small-to-medium enterprise (SME) owners face…
Many small business owners ask, "What is working capital?" Here we cover the basics to help you understand working capital and why it's important.
Like other brokers, a business loan broker connects people and products. Just as a mortgage broker assists in finding the right home loans for home buyers, a business loan broker (also called a ‘business finance broker’) helps business owners get business finance that fits their requirements. Here we’ll examine what business finance brokers do and how they can assist businesses in getting business finance.
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.
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