How SMEs Can Borrow Against Inventory
by Leigh Dunsford on 28/07/10 at 10:00 am
Getting funding against your existing inventory is easier than you think….Your inventory can be deemed as an asset. Which means if supplier calls you to say that they have a great deal on some materials or products which you know you can sell (maybe not even now, but at some point down the track) you can say: “YES!”…
How To Develop A Basic Cash Flow Strategy For Small Business
Middle class Australia, where the poodles run free!
I like small business. I like the people that work in it. They’re real. Most corporations are sheltered workshops for the middle classes.
The people that work in them use a lot of hair product, gad about in 4-wheel drives during the week and talk about global warming, private [...]
Will Glenn Stevens Follow Ben’s Lead & Stand Up For SMEs?
Put your hands up for Detroit…
Last Thursday in Detroit, Ben Bernanke spoke frankly about the plight of small business in the US. “Encouraging lending to small businesses that are well positioned to pay is a positive, not a negative, for the safety and soundness of our banking system,” he said.
Mmmm…this sounds like it might have [...]
AR Cash Flow Launches Bridging Finance Product
New Bridging Finance option…it’s truly no bull! AR Cash Flow has launched a new bridging finance product aimed squarely at the SME market. According to AR Cash Flow’s National Sales Manager, Daniel Dunsford the banks inability to provide cash quickly and the high interest rates charged by caveat lenders created a product gap which he believes AR can fill.
Pollies Tell SME’s To Get By On Less. Banks Sell Money James. Baby It’s Cold Out There
Ohhh Canada, not only the nicest people but the nicest banks as well!
In Canada they have a special government-owned bank (called the Business Development Bank of Canada) that focuses on lending to SMEs. According to Smart Company’s James Thomson, the bank has supported 28,000 Canadian firms to the tune of more than $13 billion.
Wouldn’t it [...]
Sushi Please, We Don’t Like Meat Pies
Banks don’t really want SME customers. Mind you, they say they do, but they don’t really. In short, banks view SMEs as high maintenance, low margin customers. Yesterday the SMH reported that the ANZ has opened a wealth management sub-branch in Nagoya, Japan, targeting affluent clients. The bank’s chief executive for Japan, Robert Bell, said…
Cash flow Clouds Loom Ominously Over Small Business
Don’t let slow debtor payments turn into a disaster..
Credit agency Dun & Bradstreet has delivered a blunt warning to SMEs about the patchy state of the economic recovery and now has 36,000 firms rated as being at “high risk” failure over the next 12 months.
The majority of firms at risk are small and have traded [...]
Eventually They Will Come Down, But What Do You Do In The Meantime?
It’s time to update your funding options…Panic about increased interest rates to business is a combination of media beat-up and generational naivety. In the Dark Ages of late last century interest rates were high. When this happened, bank liquidity dried up. The businesses that grew stronger looked to alternate sources of funding….
How to Act BIG When You’re Only Very Small
You’ll be surprised at what funding you can obtain for those large style business transactions
Small business is the true engine of economic development and job growth. And today plenty of people, either dislocated in layoffs, finding it difficult to find the right kind of employment in a tough economy or simply yearning to strike out [...]
Cash Flow – The No. 1 Problem Faced by SMEs (Sensis, March 2010)
Most SME’s believe banks are their only saviour to cash flow woes…
According to the latest Sensis Business Index Report (March 2010), SMEs have ‘mixed feelings’ about their business prospects over the coming 12 months and cite cash flow problems as their number one concern.
Hardly surprising.
Whilst the government touts its super tax [...]
Unsecured Trade Finance – Old Hat Overseas, New Down Under
Funding based purely on the transaction & not your assets…Since writing my last blog on trade finance, I’ve had requests for a little more detail on how it works. Mind you, one reader in particular was adamant that I leave out banking jargon and legalese in any explanation, so in the tradition of less is sometimes more, I give you: Unsecured Trade Finance.
Kev Fleeces Miners, Shareholders Take A Hit & My Neighbour’s Wife Could Get Lucky!
Greedy government eyes off mining profits…
Pre and post war Australia, rode the sheep’s back. It was literally Australia’s golden fleece. However, unless my memory, or more pertinently the history books have changed, Australian farmers were not slugged with additional taxes.
Every promise the government has made for initial reform hinges on resource companies and the states [...]
Dot The I’s And Cross Your Fingers
Small businesses that buy goods from overseas have been urged to pay close attention to a legal battle that has pitted listed Australian toy company Funtastic Limited against a former Chinese supplier. If you’re starting-out or looking to grow, arranging loans may be financially out of the question and the legals daunting…
“Hey Wayne, Let’s Ignore Henry & Focus On Stuffing-Up Tony!”
The Henry Report’s out. If you’re a small business with less than $2 million revenue you will probably be better off as your tax rate will be cut from 30% to 28%. Here’s what you’ll save.
Revenue
You’ll save (PA)
$2 million
$40,000
$1.5 million
$30,000
$1 million
$20,000
Henry’s recommendation to change the definition of [...]
Government Tax Breaks, Banks Quote Hannibal Lecter & Lambs Stay Silent
Not as scary as Mr Lecter but still challenging
Eric Johnston from the Age writes: “BANKS will find it tougher to apply out-of-cycle interest rate rises on home loans if, as expected, the Henry review of the tax system urges the introduction of a tax break on savings.”
I know it’s a matter of semantics Eric, but [...]
Construction Is ‘Sexy’ But No One Wants To Pay For It
Construction is attractive, but being rejected….
Louise Hall from the SMH reports that the NSW economy continues to be the worst-performing in the nation and the government must urgently introduce initiatives to stimulate growth in construction, business investment and jobs.
Today’s state government is (literally) paying for the indolence of its predecessors. We are probably a decade [...]
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