Small Businesses often get turned down for Loans by Banks. How to avoid this rejection!

Posted by Azure Group on 12-Jul-2018 08:33:59

 

The most common facility that SME’s turn to for finance is banks. Unfortunately many small businesses get turned down by the banks for loans. There are a number of reasons for this, here are the main ones and how to avoid them.

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Topics: Azure Group News, Business Growth & Cashflow, cashflow, Banking, Business banking, Small business loans, Business banking manager, Business loans, banking solutions, Bank

7 Basic Loan Requirements: Know what Lenders are Looking for

Posted by Azure Group on 26-Jun-2018 09:51:36

 

There are many options for getting the funding to launch or expand a business, and the criteria for each lender will vary. However, there are some fundamental elements that all banks and lenders will look for when assessing your loan application. Here are 7 basic loan requirements and how you can prepare your business meet those requirements.

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Topics: Banking, Business banking, Small business loans, Business banking manager, Business loans, banking solutions, Bank, Loan application

3 Keys to a Stronger Relationship with your Bank

Posted by Azure Group on 12-Jun-2018 13:01:00

 

Running and growing a business presents the owners and managers with numerous challenges on a daily basis. Some of these challenges are completely out of the hands of the business, unforeseen and uncontrollable. So when there are challenges that can be minimised and even turned around to be a business asset these are the areas that must be identified and capitalised on. This can make life easier, stresses less and remove road blocks from growing and expanding your business. #bankingnews

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Topics: Banking, Business banking, Small business loans, Business banking manager, banking solutions, Bank

How do Banks compete with FinTech and other Lenders to keep their customers?

Posted by Azure Group on 30-May-2018 07:00:00

 

Once upon a time the only finance options were banks. Today, that isn’t the case, and there are a number of new financial technologies that are gaining traction in Australia. So are these new options better than traditional banking? In this article we explore the different options and help you unpack what the best choice is for you and your needs.

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Topics: Banking, Lending, Business banking, Small business loans, Business banking manager, Lenders, fintech, Bank, Westpac, CBA, ANZ, NAB

Business Loan Covenants: Sick of doing pesky covenant reporting?

Posted by Azure Group on 25-May-2018 14:00:00

 

When a lender approves your business loan it will usually be on the condition that certain covenants are agreed to. These are terms set out by the lender that are usually in the form of benchmarks that the business needs to achieve to show that they are profitable and to ensure that you can continue to make the repayments.

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Topics: financial reporting, Banking, Business banking, Small business loans, Business banking manager, Bank covenant, Business loans, banking solutions, Financial statements

What keeps SME owners awake at night?

Posted by Azure Group on 21-May-2018 07:00:00

 

For SME owners this would be no surprise, but recent research identified cashflow and time management as the biggest pain points for SME’s. The research conducted by East & Partners on behalf of ASX listed working capital lender Scottish Pacific is part of their bi-annual SME Growth Index. They sought the views of 1,200 SMEs with turnovers ranging from $1 million to $20 million.

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Topics: SME, cashflow, Banking, Lending, Business banking, Small business loans, Business banking manager, Business loans

Trust is on Trial

Posted by Norman Howe on 23-Apr-2018 13:54:38

How the Royal Commission is influencing the general perception of Financial Advisors

Some commentators on the current banking Royal commission paint a picture suggesting you can’t trust any financial advisor.  Most reporters suggest Financial Planners lack best practice values, which to my belief is a sweeping generalist view.

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Topics: Wealth Creation, Investor, Wealth Management, Financial advisory, Financial advisor, Banking, Royal Comission