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CreditorWatch Report Unveils Financial Distress Among Aussie SMEs: Actionable Solutions for Economic Survival
Australian SMEs are encountering significant financial obstacles, as revealed by the latest insights from CreditorWatch. With payment defaults soaring and financial strains intensifying, SMEs must proactively address these challenges to safeguard their stability and growth prospects. Insights from CreditorWatch Data The recent data from CreditorWatch reveals tough times for SMEs across Australia. Payment defaults are […]
The Business Loan Dilemma: Why SMEs Need a Working Capital Revolution
SMEs face an ongoing battle for financial stability, often struggling to secure the funding they need for growth. Traditional banks and ‘alternative’ lenders with their business loans have left SMEs facing genuine financial dilemmas. Mark Occhiuto, Head of Sales at Fifo Capital, explains why working capital finance is the real solution. SMEs are the backbone […]
Embracing Change: The Evolving Face of Australian Entrepreneurs
Change is sweeping across Australia’s business landscape, marking a distinct shift. Recent research from the Australian Small Business and Family Enterprise Ombudsman has brought a surprising trend to light: the age of small business owners is on the rise. This article takes a pragmatic look at what this means for businesses Down Under, particularly SMEs, […]
Empowering SMEs Amid Recovering Supply Chains
In the aftermath of prolonged supply chain disruptions, the Australian business landscape finds itself standing at a pivotal crossroads. While the challenges faced by small and medium-sized enterprises (SMEs) are gradually easing, the lessons learnt from recent experiences carry immense value. As we traverse this evolving terrain, it’s not only crucial to navigate the present […]
Canary in the Cage: Why Commercial Brokers Must Embrace Working Capital Finance
The Australian financial landscape is going through significant changes, presenting unprecedented challenges for SMEs seeking stability and growth. As commercial brokers, you play a vital role in guiding businesses to a better horizon, much like the vigilant canary leading miners away from danger. However, there’s a concerning trend of many brokers sticking to traditional debt-based […]
Will the federal budget really deliver what SMEs need?
As the federal budget approaches, Treasurer Jim Chalmers has emphasised that small businesses will be “front and centre”, asserting they are integral to the Albanese government’s strategy for creating a stronger, sustainable, and more resilient economy.
Business finance in Australia: The need to move beyond debt
It’s clear that the Australian economy is facing unprecedented uncertainty. Small and medium-sized enterprises (SMEs) are struggling to access the finance they need to grow and develop. And let’s be honest, relying on debt-based loans to keep businesses afloat is like trying to build a skyscraper on quicksand. To ensure a brighter future for Australian […]
How Australian businesses can gain more certainty in uncertain times
As we hurtle towards the unknowns of 2023 — now is the time to start finding better ways to strengthen and improve your business. There’s no escaping the fact that businesses keep getting dealt new challenges. From record low unemployment making successful recruitment seem like winning the lottery, to skyrocketing inflation, lingering supply chain issues […]