Small businesses not taking opportunity to make tax deductions this EOFY
With two thirds of small business owners claiming they want to reduce their tax bill, a huge majority of them aren’t taking the steps to do so.
No home, no loan: Not owning property hurts young business owners
The banking Royal Commission and resulting credit squeeze has made property even harder to come by for young Australians. And according to a new report from MYOB Business Monitor, this has worsened the situation for young business owners trying to secure business financing.
Big banks snub Morrison’s $1 billion small business fund
Prime Minister Scott Morrison’s $1 billion Business Growth Fund was supposed to be a boon to Australian small businesses. But it appears some of the major banks and superannuation funds are less than eager to throw their support behind the initiative.
You’re paying $6,007 extra interest on your business loan by staying with a big 4 bank
After conducting a recent analysis on business loans, our Mozo experts found that the average Big 4 Bank business loan rate was 88 basis points higher than the average rate of challenger banks. Mozo data also revealed that this difference in interest rates means staying with a Big 4 bank could cost you an extra $6,007 in interest on a $250,000 business loan over 5 years*.
Business owners can now track their international money transfers, thanks to NAB’s new technology
Most business owners will tell you that stress and uncertainty are just a part of the job. But thanks to big bank, NAB, making an international money transfer just became a little more stress-free.
Business loan interest rates: what you need to know before signing the dotted line
As a business owner, there are a number of reasons why you might want to take out a loan. Not only can it help you ride out periods where cash flow is low, it can propel your business to greater heights by providing funding for new equipment, renovations, and extra staff.
$1 billion: The small business benefits behind Prospa’s loan milestone
If there was ever any doubt as to the growing popularity of online business loans in Australia, Prospa’s most recent announcement may have put it to rest.
Westpac: 50% of small businesses wary of looming federal election
A date is still yet to be announced, but the looming federal election - likely to be in May - is already having an impact on the decisions of Australian small businesses new research from Westpac has revealed.
Moula takes challenge to banks with $250 million business loans boost
Traditionally, Australian small businesses have turned to banks to help fund their everyday operations and help them grow, but a wave of new challengers have hit the business loans scene in recent years, including online lender Moula.
Westpac: Change required to address emerging business funding needs
Emerging Australian businesses and industries are being held back when it comes securing the business funding they need to grow.