How to get a business loan: the ultimate guide
Whether you're running a small business, a big company or a new start-up, there's a good chance that you'll need some extra funding at some point along the way.
Whether you're running a small business, a big company or a new start-up, there's a good chance that you'll need some extra funding at some point along the way.
Becoming your own boss - it's the ultimate dream for many working Australians and one that thousands take a chance on each year by starting their own businesses. In fact, according to the latest figures from the Australian Bureau of Statistics (ABS), there were over 2.6 million actively trading businesses in Australia in 2024, with the number of new business entries increasing by 2.8% in the 2023-24 period.
Managing cash flow is crucial to the success of any business. But accurately forecasting how much money comes and goes can be difficult, particularly if you depend on the timely payment of invoices by customers.
It’s a term you may have come across before, but what exactly is a business overdraft? Essentially it’s a line of credit attached to a business bank account or debit card which allows businesses to draw on money (up to an approved limit) beyond what they actually have in the account.
Choosing a business banking account is about packing all the transaction facilities you need into the smallest possible monthly fee. There's a wide range of options, often varying from bank to bank, but here are some small business finance tips.
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For Australian small businesses looking to reach new markets, drive customer growth and enhance their competitiveness, global expansion is a proven way to unlock potential and remain resilient. But venturing beyond domestic boundaries can pose its own set of challenges.
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