Running a restaurant or café business requires getting all the ingredients right. These include quality food, friendly staff, exceptional customer service and a good location. Behind the scenes, cafés and restaurants need finance to get established and continue operating successfully. Here we’ll examine some of the reasons cafés and restaurants get business loans and consider some of the finance options available.
Business loans for marketing can be the key to boosting a company’s sales and profits. Many businesses, however, don’t know where to turn when seeking a marketing loan. A lack of funds for marketing holds many small businesses back and prevents them from reaching their full potential.
Summer holiday time in Australia can be a cash flow nightmare for many businesses. Although retail spending is booming before Christmas and during Boxing Day sales, many business-to-business companies can experience a big downturn in sales from mid-December until the end of January. Here we offer a few ideas to get avoid a summer cash flow crunch.
Invoice finance – also called invoice factoring, invoice discounting, debtor finance and accounts receivable finance – is a way for companies with unpaid invoices to receive their cash faster. Companies that offer payment terms can have a lot of money ‘locked up’ in their invoices while waiting for payment. For a large business, this could amount to millions of dollars outstanding. Here we cover the pros and cons of invoice finance in Australia.
Getting business loans in Australia can be challenging, especially for small to medium enterprises that haven’t been in business for a long time. The problem of business loans in Australia affects the ability of businesses to grow and increase employment. Here we’ll examine the causes of lack of business loans for SMEs in Australia and ways to overcome the challenge.
Australian businesses needing finance might not be aware that government business loans are an option, as you more often hear about government grants and assistance. But in reality, there are many forms of financial assistance from government agencies, including business loans. These loans are either interest-free or offered for low-interest rates.
Faced with stricter borrowing requirements from banks, more small to medium enterprises are considering all the options. One of these is ‘going public’ with an initial public offering (IPO). In Australia, there are around 2,400 publicly listed companies. Although you often hear about the large companies of the ASX 200 or ASX 500, you don’t have to be a large multinational business to get listed.
If you have done any research about starting a business or getting investment for an existing business, you’ve probably heard about angel investors. If you don’t know what an angel investor does, we’ll answer your questions here.
You probably have heard of bridging loans used for buying and selling residential property. For example, if you buy a property to live in before selling your existing home, a bridging loan (also called bridge loan) can be helpful. In this case, the bridging loan is short-term finance that you will repay as soon as you sell your home.
In business, growing revenue and profit is usually seen as something positive. But there is a downside to growth called overtrading. This occurs when a business expands quickly and does not have the finance in place to fund growth. The result is a lack of working capital to cover day-to-day expenses while sales are growing.
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