You don’t know what you don’t know
Improved operating margins through innovative business cash flow acceleration at 4.87% pa. Our transport client was running a full facility with a first tier factoring company, which was costly, restrictive, had all the recourse to the client, inflexible and onerous covenants. They sought the advice of a business consultant who recommended alternate solutions may be […]
Don’t let your business die with you
Nobody wants to be morbid and dwell on death, but being a business owner comes with responsibilities. Therefore, every business owner really ought to put some thought into what would happen if they die. Succession planning remains an unfashionable niche of business management: statistics suggest that up to two thirds of Australian business don’t even […]
How to ditch your business overdraft and expensive business loans
There was a time when every Australian SME had a business overdraft. They were widely available and because interest was payable only when the company was ‘in the red’, they were considered a relatively cheap source of short term business finance. However, many businesses which were reliant on their overdrafts for cash flow have started […]
Finance Broker Alleviates A Significant Headache For Their Transport Client
OptiPay received an enquiry from a finance broker requesting a proposal to solve the following issues for their current: Their client is a haulage and logistics business and had an existing invoice finance facility with an Australian bank. The client had a significant number of debtors with payment terms ranging from 14 days to 45 […]
Off Balance Sheet is not a Dirty Word
Talk to a salt of the earth Australian businessman about off-balance sheet financing, and he’s likely to look at you askance. Quite rightly, people want to do things by the book, especially when it comes to business financing. But that doesn’t necessarily mean on the books. That’s because the practice of raising funds in a […]
The Most Underutilised Asset in Business
Most small businesses have ambitions to grow – whether to become a global mega-corporation or just to establish a more secure and comfortable future for their owners. In order to do this, their people and assets need to work harder, and they will also probably require funding. What if we told you that there’s an […]
Regional accounting practice adds significant $$$$ value.…
OptiPay received an enquiry from a mid-size regional accounting practice. Their brief was as follows: Their client was a successful (small) engineering and fabrication business and was submitting a tender for a significant regional infrastructure project. Their client was up against a number of significant players including an ASX listed building and engineering group. The […]
Terms & Conditions help with financing – and business in general
Flexible invoice discounting means you can get access to the money you are owed immediately, but it doesn’t mean that you should let customers walk all over you. Every Australian business has a right to be paid within a reasonable timeframe, and should make that clear in a key document that every business should have: […]
Calculating The Real Cost Of Business Lending – Part 2
In the previous blog of this series, we looked at how to calculate the cost of business funding, and found some surprising results: Business loans which you have to pay off over a period of years can turn out to be more expensive that they look. Because most lenders charge fees for setting up and […]
Calculating The Real Cost Of Business Lending – Part 1
Finding out the real cost of financing your business is a crucial part of any plan to expand, boost profits or just improve your cash flow. Unfortunately, this basic task is not always easy. Getting a real cost before agreeing a business loan means digging into the small print and getting your calculator out. However, […]