Can Credit Cards help Small Business?
According to report in the Sydney Morning Herald today, Australians owe $45 billion on credit cards and are paying more than five billion dollars a year in interest. Where does this kind of ‘debt trap’ leave small business? Accessing affordable funding is an ongoing issue for small business. The RBA has previously reported that due to a lack of […]
Why invoice financing is a great fit for manufacturing
By it’s very nature, the manufacturing industry lends itself well to invoice financing, a flexible and agile funding method. Manufacturing is alive and well in both Australia and New Zealand. Reports are stating that the manufacturing industry in Australia is heading for a renaissance, with 40,000 new jobs created in 2016. In New Zealand, manufacturing also plays a […]
Invoice finance for healthcare and medical suppliers
Healthcare and medical suppliers are growing industries. IBIS World reports that the industry in Australia is worth $137b per year, employs 850 thousand people and boasts a growth rate of 4.6% from 2013-18. This is in stark contrast to a GDP growth rate of less than 1%. The aging population, technological advances and private health insurance […]
Four in Ten Construction Invoices Paid Late
Senate Inquiries are recommending a number of changes when it comes to payment terms for the construction industry as cash flow difficulties are still largely prevalent due to late payment of invoices.
Cashflow finance – getting the facts straight
From Alan Hewitt For any business owner, cashflow dictates whether you live or die. Protecting it and maintaining control must be an absolute priority if your business is to flourish. But with customers setting their own terms as to when you receive payment, this can be difficult to do. There are a wide range of […]