The city of Orange and NSW’s central west has been a thriving area for some time now. Mining and related industries are running at full steam while agriculture is enjoying a resurgence. Yet despite the positive conditions, access to business finance remains the biggest stumbling block to grow amongst small to medium size businesses. So [...]
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Interest Rates – Differences between published rates
14/07/2010
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I have certainly had my fair share of trying to explain why fixed interest rates are what they are today when it comes to Equipment Finance or any Fixed Rate product for that matter. Too often fixed rates for equipment or fixed property loans are compared to the official cash rate or the honeymoon home [...]
Read moreSmall businesses losing faith in the banks.
23/06/2010
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“Recently we’ve seen a significant deterioration in loyalty being shown by small to medium businesses toward their banks. In fact, loyalty has fallen 239% over the past 3 years. This is not surprising really given recent events, especially in the wake of the GFC. Many businesses in the $1-5 Million annual turnover range are increasingly [...]
Read moreSourcing business finance after the global meltdown.
15/06/2010
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“The global finance crisis may be over but the drama continues for small business. Surprisingly, credit is more difficult for small businesses than before the GFC. So when you’re after equipment finance, you’ll need more things working in your favour than ever. Information is the currency that the financiers want, and that means assembling the [...]
Read moreTaxing Times ahead for small business
08/05/2010
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“June 30 2010 will be no ordinary end of tax year for many businesses. Having weathered the financial upheavals of the past year or so, now’s the time to prepare for the upswing. We’ve heard that 68% of small to medium sized enterprises are planning to borrow business finance in the next 6 months to [...]
Read moreBig banks are overlooking the needs of small business.
23/08/2009
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“We are seeing quite a change in the banking landscape across Australia as the big banks appear to be overlooking the needs of small business. Let’s face it, the days of knowing your local bank manager by name, and of he or she remembering yours, sadly are long gone. Unfortunately too, the effects of change [...]
Read moreThe cash flow crisis: surviving the drought.
12/03/2009
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In fact what’s happening to businesses is similar to what’s been happening with Australia’s dwindling water supplies. Cashflow could soon dry up unless precautions are taken. As a finance broker that understands the pressures on businesses, Finlease is able to provide measures to business owners that will assist right now. Founder Mark O’Donoghue has some [...]
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