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Latest News

Latest News

Reality hits Small Businesses

While some are pointing to signs of stabilisation in the Australian business sector, the most recent data from digital credit reporting bureau CreditorWatch has given firmer shape to the challenges that remain in the space. According to the monthly CreditorWatch Business Risk Review, the number of businesses entering into administration rose for the first time since June, up 11% in September; further, the number of business defaults increased by 23% in September – the first increase recorded since May 2020.

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Cashback for Commercial Clients

Eligible clients who settle a new Macquarie commercial loan between 19 August 2020 and 31 October 2020 will receive $1,000 cashback to their account.

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Development Pre Sales: Yes or No

For a developer, securing construction finance can be a real challenge. One significant hurdle builders and developers face is most mainstream lenders such as the banks require a certain number of presales, also known as "off the plan" sales, as one of their many loan requirements. Lenders require this as they feel it provides some comfort of how the development finance will be retired.

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Cash flow solution

The latest stats on how cashflow is impacting small business clients are alarming with 40% of businesses report their customers are paying late, 39% of businesses report their suppliers are reducing payment terms and 28% of businesses are paying their ATO obligations late 21% of businesses have been declined a lending product

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Scottish Pacific

Access to capital is vital to your company's growth and sustainability. You need it for purchasing inventory, buying equipment, hiring employees and boosting marketing efforts.

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