By Geoff Scofield, Westlawn Finance MD & CEO Your publically-accessible credit profile includes information that lenders and other businesses may use to determine the financial risk your business represents.
By Geoff Scofield, Westlawn Finance MD & CEO 25 October 2017 Businesses are moving away from funding new assets with their own money, and at the same time, turning away from the big banks for finance.
By Geoff Scofield, Westlawn Finance MD & CEO 26 September 2016 Are cash flow worries keeping you awake at night? If so, you’re not alone. Three recent surveys of small business owners have all found cash flow issues to be at the top of the list of headaches for small business owners.
Australian businesses have almost $125 billion tied up in the ownership of assets. And this is having a negative impact on the majority of small and medium sized businesses. That’s according to Alleasing’s latest Equipment Demand Index. In a media release on 27 January 2016, Alleasing reported that this latest research has found that the average percentage […]
Many of Australia’s small and medium enterprises (SMEs) are at risk of missing out on the vital funding necessary to grow their business because they’re not properly prepared when approaching a lender, new research finds. Here, we share some important tips to help you avoid the common mistakes many businesses make when seeking finance. State […]
It’s not always easy keeping up with today’s rapid pace of technological advances. We’re constantly being enticed to upgrade to the latest tablet or smartphone … or smartwatch. And it’s the same in our homes with laptops, desktops, TVs and even our kitchen appliances. It’s a never ending battle of out with the old, in […]
For many businesses, especially those outside the tourism and hospitality sectors, the period between Christmas and the end of the summer school holidays can be a very quiet time. Regular customers leave town for a family break by the beach, or else suddenly realise they’ve overspent on Christmas and need to tighten their belts come […]
Today, many self-employed operators, small businesses and organisations require specialist equipment and the latest technology to operate efficiently and to effectively compete in the marketplace. While this equipment can be expensive to purchase upfront, it often depreciates in value quickly and becomes obsolete in just a few years. Therefore, using your own capital or borrowed […]
Did you know that your business — even the smallest company — may have a credit profile that can affect its success and may contain errors? If you’re not nurturing your credit profile, you could be losing opportunities for financing, new customers, and credit with suppliers. It’s common practice for businesses to check customer credit reports, but […]
