Why Business Failures are Increasing
As we announced our re-branding to OptiPay this week, we talked about the need to provide suitable growth funding for Australian businesses. The fact is that while the economy has been growing for a decade, the business failure rate jumped a notch last year. The 12.7% increase in failed businesses in the Australian market is not just […]
Import Finance for Healthcare Companies
Imports are crucial to the Australian healthcare sector. From the latest medical devices to standard pharmaceutical supplies, most healthcare providers rely on things that are manufactured abroad – but many still buy them from suppliers in Australia. This, of course, comes at a price.In a growing but highly competitive industry, significant cost advantages can be […]
Cost Effective Finance for your Business
Over the last few weeks we’ve looked at the kinds of business that can use Invoice Finance, how it can be a key source of funding, and just how much cash can be raised. We’ve seen that more and more businesses are choosing Invoice Finance. In some countries, such as Britain, it is now rivalling […]
What is Invoice Finance and who is it for?
We’ve discussed many aspects of Invoice Financing prior to this blog but perhaps it’s time to go back to basics – after all, more than 30% of eligible businesses are sadly still unaware that it exists. Also known as Invoice Discounting or Debtor Finance, Invoice Finance is a form of business funding which sees cash […]
A Matter of Interest: How the Reserve Bank of Australia Affects Your Business
The Reserve Bank of Australia kept interest rates on hold this month, but many commentators believe it will cut them at least once before the end of the year. What does this mean for businesses and their ability to finance their plans? As a small or medium sized-business owner, you are probably focused on your […]
Turn Cash Flow into an Asset
Cash flow is a word that can strike fear into business owners, because it’s often followed by the word ‘problems’. However, it doesn’t have to be that way: if managed correctly, a business’ cash flow situation becomes an asset that can be used to fund investment and growth. The way you think about cash flow […]
Financing the Final Frontier
Since the Australian Space Agency was belatedly founded last year, interest in the country’s space sector has been rocketing. The fledgling agency recently announced a “statement of strategic intent” with aerospace giant Boeing as part of plans to grow Australia’s space market from about $2.8 billion to $8.6 billion by 2030; and just last week, […]
SME Tax Cuts Can Fund Growth
When a government announces tax cuts for business, there is always a simple premise behind the move: it is aimed at encouraging growth. The recent Australian Federal Budget is no different, and businesses will seize the opportunity to invest in themselves. Targeting businesses with an annual turnover of less than $50m, the government recently promised […]
Businesses are Looking Beyond Loans for Funding
Despite assurances from banks that they want to support the country’s crucial small business sector, there was more evidence last week that bank lending to SME’s is in steady decline. Could it be that more and more Australian businesses are simply choosing different options for their funding? Analysis by The Australian Financial Review showed growth in bank […]
The Benefits of International Trade
The latest balance of trade figures show that Australia’s surplus surged to its highest monthly total on record in January. However, the real good news was hidden a little further down the statistical bulletin: both exports and imports rose at the start of 2019, and that is great for business. The popular media like to […]