Dealing with banks

Borrowers be Aware & Beware

Borrowers be Aware & Beware

Borrowers would be wise to ensure they understand how the changes taking place in the economy & the banking sector in particular will impact on their borrowing arrangements. This piece highlights the main areas of concern, explains how the banks are responding and offers six tips to safeguard your borrowing arrangements. HOUSEHOLD DEBT. At more […]

Read More →

Read More →

Does your bank really want you as a customer?

Does your bank really want you as a customer?

Take theBankDoctor’s two minute quiz to find out. SMEs are finding it difficult to get bank funding yet banks keep telling us they are keen to lend. So what’s going on? Are the banks being too tough or do small business owners just have unrealistic expectations? Well in fact, both statements are true. There’s no […]

Read More →

Read More →

Should you be fixing your interest rates?

Should you be fixing your interest rates?

Businesses owners continue to enjoy the benefits of record low interest rates and with some experts predicting the Reserve Bank’s official cash rate could fall to as low as 1.5%, it’s understandable why you might adopt a “do nothing” stance. The RBA could reduce the Cash Rate further in the months ahead but that doesn’t […]

Read More →

Read More →

How to take control of your banking destiny

How to take control of your banking destiny

We regularly hear about how SMEs are powerless when it comes to dealing with banks but recent research conducted by East & Partners for Scottish Pacific highlights a number of ways in which SMEs can take greater control of their banking destiny. The research suggests that only 20% of SMEs review their banking on a […]

Read More →

Read More →

How to turn your bank manager into a raving fan

How to turn your bank manager into a raving fan

A bank manager who is a raving fan can do wonders for you but on the other hand if you get offside with them your business is never going to get the treatment it deserves. Over many years on both sides of the banking fence I have observed the behaviours of customers which turn bankers both on and off. Every SME […]

Read More →

Read More →

The secret to securing funding

The secret to securing funding

This Fairfax Media article suggests one way of enhancing your prospects of getting a bank loan to buy a business is to buy a business which has a property attached to it. Whilst its true banks do like to lend against property we offer a cautionary note that most small business owners have a limited capacity […]

Read More →

Read More →

Regional banks – Why SMEs prefer them to the Big Four

Regional banks – Why SMEs prefer them to the Big Four

Although the big banks still dominate the SME market, business owners are switching to regional banks in increasing numbers. Small business owners continue to be the most disadvantaged sector when it comes to dealing with the banks. East & Partners latest Business Banking Index survey, which monitors business customer behaviour towards banks, found SMEs (turnover […]

Read More →

Read More →

Top