Business and Finance

With this ever-changing and evolving environment, we are ensuring we stay across the various measures put in place. If you require any further information or assistance on the below, please get in touch with your Ledge Finance Executive directly, or contact our offices here, and we will do all we can to support you through this. On this page What is a “Small Business”? RBA $90-billion Term Funding Facility Financial Institutions Support Measures for SME’s SME $250k Unsecured Loan Billion Dollar Stimulus Package to Boost the Economy Support for Business Investment Increasing the instant asset write-off Investment Incentive – Tax...

As changing markets create a new lending environment there continues to be a trend of increased risk aversion by mainstream financial institutions (banks/lenders). In this article we explore how businesses can ensure they are ‘fit’ for finance in 2020 and beyond. Prepare your business’ financial statements It is essential for businesses to have up-to-date financial statements as it provides visibility on the overall performance of the business. Having accurate and timely financial statements can also assist in getting your business ‘fit’ for finance. When applying for finance, financial institutions (banks/lenders) require up-to-date financial statements. Getting these organised can take some...

When it comes to running a business of any size, managing its cash flow is crucial. So, why is cash flow so important for businesses and how can you ensure you successfully manage it? In this article we will explore: What is cash flow? Why is cash flow so important? How to analyse cash flow How to finance your cash flow What is cash flow? Put simply, cash flow is the money moving/flowing in and out of your business. Cash flows in from customers who purchase goods and services, money from investors, interest on savings or investments, and so on....

Now is a great time for businesses to reflect on achievements and challenges they faced over the past year and prepare for what’s ahead. To help you prepare for the new year we have put together a few tasks to add to your to-do-list: Review and create new goals This time of year, is a perfect time to review your short-term goals achieved throughout the year, as well as looking at the challenges or negatives you incurred along the way. It’s important to understand when these challenges took place and what you did to resolve them, to give you the...

How does the cash rate impact banks interest rates? The RBA conducts Australia’s monetary policy which includes setting the cash rate on overnight loans in the money market. The cash rate influences the banks’ interest rates, however there are many other factors which also affect rates including overall cost of funds, lending risks, competition etc. In June 2019, the RBA announced a 0.25% (25 basis points) cut to the cash rate to a historical low of 1.25%. Not all banks followed suit which provoked the usual media outcry. Closer analysis would have revealed that the bank which passed on the...