Talk to the Shire Home Loans team Many people in Australia dream of running their own small business but four out of five never do it. If you’ve got a good idea, develop a business plan, then talk to Shire Home Loans about your small business finance options. Your small business finance or commercial finance …
Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. 1. Find a specialised broker Commercial lending is very different to residential, so when searching for a broker, it is important …
While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from …
Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is it taken as a reflection …
Businesses need capital if they are to grow, and sometimes need finance solutions to raise capital. If you are unable to raise capital through a loan, equity may be an alternative solution. “Equity can be a very good solution for businesses where they need capital to grow,” says Co-Director of Shire Business Loans, Jamie Donaldson. “And …
Does your business need refinancing or restructuring? As this tale of a business with urgent liquidity problems shows, having a finance broker managing the project can be the key to success. When a cotton grower in central Australia lost his financier during a period of aggressive expansion, he was facing a liquidity crisis and approached …
You already know the importance of maintaining consistent cash flow. Did you know that your business’s assets can be the solution? If your business’s cash flow is stifling its success, it’s time to look for a solution. Simple steps such as negotiating longer payment terms with suppliers and shorter terms with debtors can help. If …
Case Study: How to Improve your Business’s Cash Flow Read More »
The financial aspects of acquiring premises for your business can be quite confusing. It’s important to be informed and understand what you can achieve by purchasing property. Finding the perfect premises for your business can be a difficult process, and finding the right finance for it even more complicated. The best place to start is …
Case Study: How to Find Finance for Business Premises Read More »
