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Secured-Unsecured-Loan

What Is Better For a Business: Secured or Unsecured Loan?

Having your own business provides you with enough freedom, flexibility and opportunities to explore and develop a business concept. While it is exciting, starting your own business can be expensive too; that’s why entrepreneurs often ask the question, “which is better: secured or unsecured loan?” Both loans can meet your business needs. The only major difference is that, when you failed to pay your secured loans, you may lose the asset that you secured it with, while you may only have to pay penalties if you fail to pay your unsecured loans. Consider these two factors when choosing between secured […]

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How Short Term Business Finance Meets Four Major Business Needs

Every business has challenges to face and funds to meet. Check out how short term business finance can help you meet the four major needs every business face. 1. Performance Need: Do you want your employees to be productive and creative at work? Before you purchase that high-tech machinery to get more work done, you better start with assessment first. Take note that there are many factors affecting work performance. Some of these are Personality or Ego Clashes, Stress, Heavy Workload, and Inadequate Resources. For example, personality or ego clashes are often seen between two people with opposing personalities. The […]

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Financial Management: 2 Key Elements of Business Cash Flow

Business cash flow has two important characteristics: Time and risk. Read on to learn more about the importance of risk premium and the time value of your money in financial management. What is financial management? As a business owner, you have to make critical decisions every day to meet your short-term and long-term financial goals. In order to do that you need to organize your finances by doing the following: Bookkeeping Bookkeeping process is a vital aspect of the business accounting. By keeping tabs of sales, payments, receipts, and purchases and other transactions, you will know how much money is […]

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Small Business Loans For Everyday Business Funding

  Borrowing money for a business is a long and difficult process, even for established businesses generating stable profits. If you’re borrowing for a startup with zero credit or poor credit, things get even more complicated. Many lenders are having second thoughts in lending to small businesses. But, you can still borrow. You just have to prepare yourself for high-interest loans, because there are a few lenders who are willing to lend money to “high-risk” borrowers. Despite the difficulty in obtaining small business loans, entrepreneurs have to face it one time or another. It is because business loan is essential […]

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Signs you are ready to start a business

It is not easy to start a business. Many small businesses fail in two to five years and others fall into bankruptcy.  So before you ditch your day job, take on huge business loans, and hire people to help you out, make sure that you are ready to take the plunge. The first stage is your biggest opportunity to position your business for success. So, make sure that you have the right foundation before you launch it. Remember that preparation is the antidote for failure. With the right preparation and financial funding you can easily get on the right track. […]

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All in the Family – Passing Down Business through Family

According to the Australian Bureau of Statistics, the number of active businesses has been on the growth. In this direction, about 2.1 million Aussies either operate or own a business, and, the statistics indicate that, from the total of companies, more than 70 percent account for family operated ventures. Notwithstanding, just 20 percent of these institutions have a succession plan. In the meantime, less than a third of the businesses are passed down to the second generation, while 10-15 percent of them are transferred to the third generation. Although the vast majority of business owners are overwhelmed with responsibilities and […]

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The 5 Common Reasons for Rejection of Small Loans for Your Business

Lets’ be very honest rejection is a drag we could all do with a little less of in our lives. For small business owners it can be a real battle when entering into a dialogue with the banks over finance and prospective loans etc. According to recent research only 50-55% of small business owners nationally successfully secured finance packages of the sum requested over the past 12 months. The 5 common reasons for rejection of small business loans are: The 5 Most Common Reasons for Rejection Bad Credit or No Credit A credit score is a measure of an individual’s […]

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Financial Industry Suggests Change in Electoral System

The federal government has received suggestions from the Financial Services Council to extend their terms to 4 or even 5 years in order to decrease pressures that were getting in the way of very important reforms in the financial industry area. The current problems with the financial industry Sally Loane, chief executive of FSC, says that the 3-year terms that are currently in place is tacitly supporting a ministry overhaul that wastes valuable time better spent on legislation on superannuation and taxes, which is desperately needed. The reforms and reviews and going back and forth on them cost $2.75 billion […]

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Cheap Government Loans for Farmers

The Federal Government will administrate the government loans for farmers, under an election commitment from the Coalition. Barnaby Joyce, the Agriculture Minister, made an announcement regarding the administration of government loans and also mentioned how much will the Liberal-Nationals Coalition spend for the establishment of a Regional Investment Corporation. He said that the Coalition is going to allow $4.5 billion for this purpose so that this Corporation will supervise both Commonwealth loans for this economic field and water projects. Benefits for farmers The Agriculture Minister also mentioned that this solution would eliminate the need for governmental administration of federal loans […]

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A stop to lending to foreign borrowers

There has been a concerning situation for the real estate markets, since banks have stopped lending money to foreign borrowers. Other lenders and brokers are advised to do the same and stop loans to this kind of borrowers because this could be a trigger for an economic downturn. Changes to Lending Why is this happening? Recently, one of the largest banks in Australia, Bendigo and Adelaide Bank, told mortgage managers to stop lending to foreign borrowers. Moreover, this institute also warned them about the foreign-sourced income. All this is happening due to the growing worries about money laundering and fraud. […]

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