Business Finance

A lot of small businesses fail not because they’re offering a poor product but because they run out of cash. You’ll need access to funds, not just to pay for set-up costs but to cover your living expenses while you get established. Make sure you’ve done a detailed business plan […]

Preparing a detailed business plan will inform the lender about your business proposal so that it can assess your application as favourably as possible. 1. Know your numbers To inspire confidence in you as a borrower, it’s important you are familiar with your key financial figures, even if you don’t

The risks of using your business as your sole retirement nest egg or as the majority of it, are numerous and diverse. And they continue to ensnare many Aussie business owners looking to retire. With this in mind, consider the common perils of making this gamble and options for safeguarding

Applying for a business loan can be intimidating to borrowers new to the process, however, the loan application process is fairly straightforward.  Although the specific steps can vary from lender to lender and business to business, most business and commercial financing will follow a similar process. Business owners will have

Securing a business loan isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options

Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. 1. Find a specialised broker Commercial lending is very different to residential, so when searching for

Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is

I have previously spoken about the secrets of success according to Bill Gates. One of those secrets was to take massive action. The action of any kind is essential in creating the outcome we seek, both in our personal and our business lives. Sometimes taking massive action can be just

The process for obtaining commercial finance, and preparing for a commercial purchase, is a lot different to what many investors would be familiar with in the residential setting.  So let’s look at some of the key differences between commercial and residential lending to help you understand the difference. Commercial finance

I’ve recently seen a few professionals and some business people who’ve left their wealth-building a little too late in life. They’ve come to me for advice on property investment in their 50’s (and one in his 60’s) saying they left their run late, hoping their business or practice would have

In the current property markets where capital growth will be subdued for some time, more sophisticated investors are considering getting involved in property development to enable them to “manufacture” capital growth. However, embarking on property development isn’t as simple as it might seem and unfortunately, too many investors begin their property development

Businesses need capital if they are to grow, and sometimes need finance solutions to raise capital. If you are unable to raise capital through a loan, equity may be an alternative solution. With equity you’re giving away a percentage of future profits, rather than a fixed percentage on what you’re