It seems SMEs have been slow to get onboard the online boom, with only a little over a quarter of SME revenue coming from e-business, according to new research by Banjo. SMEs are also becoming increasingly frustrated by long waiting times on loan applications, with female SME owners in particular turning away from putting up […]
Phil Druce, COO of Lend Capital, discusses the different types of finance options available to small businesses in the final part of his blog series.
The fundamentals are clear. Small business in Australia needs finance to grow and capture market opportunities. However, there are over 2.1 million small businesses in Australia with a potential $10 billion per annum growth-funding requirement, not being fulfilled by banks. Banks consider many SME borrowers a bankable risk but they generally lend based on real […]
A business is established as a “brand” after many success stories. However, what we all don’t hear often are the failures faced by the business. Entrepreneurs who are lucky to see their business venture grow into something big from a small idea will relate to this thought – the one thing that is constant is […]
Business owners can be cautious thinkers, looking out for every possible roadblock their business may encounter. It is a both a blessing and a curse, as there are situations when it can serve a business owner well and other times, being ultra conservative can be a hindrance. Being over cautious is often the case when it comes […]