Category: <span>Advice</span>

Franchising? Check your Rights and Obligations under the Franchising Laws
Post

Franchising? Check your Rights and Obligations under the Franchising Laws

Are you excited to buy a franchise? The Franchising Code of Conduct has some reminders for you. Read the Franchising Code policies on the following: cooling-off period disclosure requirements dispute resolution mechanism good faith obligation procedures for ending a franchise agreement Whenever there’s a breach, the Australian Competition and Consumer Commission will surely intervene to...

3 Good Strategies to Save a Failing Business
Post

3 Good Strategies to Save a Failing Business

Don’t worry about the grim survival rates of small businesses. There are always ways to turn things around no matter how hopeless it may seem. The worst thing you can go is to give up when all it needs is a good strategy to keep your business afloat. Focus on your vision The dismal realities...

Searching for the Suitable Lender
Post

Searching for the Suitable Lender

Anyone who has tried or even thought of starting a small business, begins with one major concern: “Where do I get the capital?” Getting things off the ground can sound too daunting especially if you don’t have enough capital which is why business loans and alternative lenders have become the best way for entrepreneurs to...

Increasing Small Business Loan Approval
Post

Increasing Small Business Loan Approval

The small business world is an uphill battle. The competition is fierce just as the opportunities are abundant. At the core, every business, something else is also important a passion: funding to push things into fruition. So how do you increase your chances of getting a small business loan approval. Read on to find out....

Things to Do Before Applying for Small Business Loan Part 2
Post

Things to Do Before Applying for Small Business Loan Part 2

We have established how challenging it is most of the time for small businesses to get loans. However, as we said, there are always ways to increase your chances of getting the loan. We continue with our two-part series on what small businesses should do before applying for small business loans. Organise your documentation Financial...

Business Loan Application 101 Part 3
Post

Business Loan Application 101 Part 3

Normally, lenders will conduct an in-depth examination of a business before they approve anything. Specifically, lenders will ask a lot about the financial history of the business. It’s best if you come up with a detailed and convincing plan when making your business loan case. Include your profit and loss plus your cash flow forecast. The...

Business Loan Application 101 Part 2
Post

Business Loan Application 101 Part 2

It’s not always easy to get a business loan more so for small businesses. That’s why it pays to understand the loan process to increase your chances of approval. In this three-part series, we talk more about how businesses can raise funds and how to prepare for them. Ongoing Funding According to the government, businesses...

Business Loan Application 101 Part 1
Post

Business Loan Application 101 Part 1

Applying for a business loan requires preparing a detailed business plan to inform lenders fully about your intended venture. The following sections will walk you through processing a business loan application and how to get approved. Important Decisions to Think Of The first step is to decide whether your business really needs a loan. Some...

  • 1
  • 2