Can You Afford That Business Loan?
One of the first (and probably most important) steps you will take in your loan process is figuring out how much, if any, you can afford to borrow.
One of the first (and probably most important) steps you will take in your loan process is figuring out how much, if any, you can afford to borrow.
Taking out a loan can be a bit intimidating for small businesses, particularly for newer businesses that haven’t had a loan before. There are a lot of questions you need to ask yourself before you even start looking.
Construction and technical service tradesmen make up a huge portion of the Australian workforce and a large percentage of those are small business owners or self-employed!
Whether it's for a big expansion or just some extra cash to keep things moving, odds are a small business is going to need a loan at some point in its life.
If you’ve already decided to apply for a loan to finance your business then you probably know all too well that the whole process isn’t exactly straightforward.
So, your business is travelling along nicely and you think it’s a good time to take out a loan to keep things growing steadily, or maybe even to expand. Where do you start looking?
Okay, that might be an understatement, especially if you're trying to get funding from a big bank (and get it quickly!). Accessing funding from banks is a slow and arduous process and sometimes accessing funding from non-bank lenders can also be a bit painful.
How does the accounting profession perceive data and utilise it to access funding? One of Australia’s online lending platforms to small business answers this question.
With Christmas right around the corner, now is a great opportunity for SMEs to drive business. Here are a couple of things to consider to make your silly season less stress, more success.
We spoke to Moula partner, Rob Green, founder of Sterling Business Accountants in Geelong, Victoria, who shared his experience on working with Moula and how he ensures the process for his clients is as easy as possible.
We’ll send the results to your inbox right now.
Check your inbox for your repayment schedule PDF. If you have any questions, you can give us a call on 1300 88 09 72 or start a live chat from 9am to 5pm AEST.
Your repayment schedule email was not sent. Please call us on 1300 88 09 72 for assistance.