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 moreBusiness confidence
13/10/2009
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“We’re seeing the start of some really positive economic data right now, and business confidence is riding the crest of this wave. Yet while things are looking up, many banks are not making it any easier for small businesses. We’re seeing research indicating that amongst Micro businesses – those in the $1-5M turnover range – [...]
Read moreAct now to benefit from the 30% Investment Allowance
13/02/2009
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To help Australian industry make some headway through difficult times, the Federal Government recently announced an Investment Allowance package which will mean considerable cost savings for businesses right across the board. The allowance gives businesses a one-off tax deduction equal to 30% of the capital cost on eligible new equipment and motor vehicles costing $10,000 [...]
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