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14 August 2024
How to Apply for a Business Loan: A Beginner’s Guide
Growing your business takes commitment, dedication and critical thinking, but without adequate cash you won’t be able to go anywhere fast. If you are a business owner, you know first-hand that having cash readily available can help you secure new work and amplify your business growth. It opens up the options to invest in things like hiring additional staff and purchasing stock and equipment. A business loan and other business finance options can assist by providing you with the adequate funding to grow your business, enabling you to focus on strategies to grow your business whilst knowing you will be...
15 July 2024
Commercial Asset Finance Trends in Australia: Key Pointers
Commercial asset finance plays an important role in business strategy, enabling businesses to acquire essential equipment and assets required for operational efficiency and growth. However, navigating asset finance can be daunting, as it requires a firm grasp of the various financial products, an understanding of risk evaluation, and strategic foresight. Let’s look at the fundamentals of asset finance, explore how it works, examine current trends, and learn about the various types of asset financing available. What is Asset Finance? Asset finance is a financial product designed to help businesses acquire assets – such as machinery, vehicles, technology, and equipment –...
5 July 2024
Understanding the Extended Instant Asset Write-Off Scheme
The instant asset write-off, which was due to expire on 30 June 2024, was recently extended by another 12 months, which means eligible businesses can continue taking advantage of this tax benefit in the 2024-25 financial year. Instant asset write-off extended until June 2025 Under the instant asset write-off, eligible businesses can immediately deduct the full cost of eligible assets under $20,000 if they are first used or installed by the end of June 2025. To qualify for the scheme, a business must have an annual turnover of less than $10 million. The instant asset write-off can be used for:...
29 May 2024
What is Acquisition Finance? How to Finance a Business Acquisition & How Banks Assess Viability & Risk
Acquisition finance plays an important role in corporate strategy, enabling businesses to expand, consolidate market share, or enter new markets through the acquisition of other companies. However, acquisition financing can be a complex undertaking and requires a solid understanding of the various financial tools, risk assessment, and strategic planning. Let’s uncover the fundamentals of what acquisition financing is, exploring how to finance a business acquisition, and the methods banks use to gauge viability and manage associated risks. What is Acquisition Finance? Acquisition finance definition: Acquisition finance is the capital that is obtained for the purpose of buying another business. The...
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