Posts Tagged ‘ Small Business Financing ’

Small Businesses Begin to Borrow Again

30/05/2011
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There is some good economic news to come out since the global financial crisis. According to recent research by DBM Consultants, there has been growth in Australian small businesses borrowing from the big four banks.The research of 19,000 Australian businesses found that since November 2010, for companies with a turnover of $5 million or less, 20% more of these businesses were planning to increase their debt than reduce it. For businesses with under $200,000 in turnover, approximate a third more of businesses were likely to increase debt. The research predicts that over the next year, businesses will continue to borrow. This could be a golden opportunity to finance smaller business to broaden your client base. As their vendor financer, you could act as the middleman and find the best loan for your client, rather than let the small businesses go straight to the big banks. When beginning a business,...

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Why some Banks are Unwilling to Give Small Business Financing

11/04/2011
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There are some banks that seem to be against the giving of small business financing. The term ‘small business financing’ is used, in this context, to refer to business loans that are small in terms of the amounts given, as well as loans of all sizes advanced to businesses that are small in size. The banks in question will usually not say that they are against giving loans for small businesses because they know that saying this explicitly would push away a large percentage of customers; even those who may not be in business, but who find such a declaration ‘snobbish.’ Small Business and Bank Financing Meanwhile, a businessperson opens an account with the said bank. It turns out to be quite an active account, as would be expected of a business account. At some point, a need arises where they need some small amount of money, say for...

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