Cashflow and time management are the biggest pain points for Australian SMEs, according to research conducted by East & Partners for ASX-listed working capital lender Scottish Pacific. The bi-annual SME Growth Index canvassed the views of more than 1200 SMEs with turnovers ranging from $1 million to $20 million. Cashflow concerns arise from a range […]
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 […]
Find out what you need to know by watching this webinar conducted by theBankDoctor for Tyro Payments. Small business owners around the world are flocking to the new breed of online lenders who offer fast and friendly access to funding but there are risks involved and in this webinar we talk about the factors small […]
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 […]
SmartCompany has recognised theBankDoctor’s contribution to the SME sector by naming it as one of Australia’s best business blogs. This is what SmartCompany had to say Banking and finance can be a difficult area for small businesses to navigate on their own and that’s where websites like theBankDoctor come in. This not-for-profit organisation provides free, […]
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 […]
Predatory lenders exist in the SME space just like the payday personal lenders. The risk is the less scrupulous operators will spoil an exciting new source of SME funding. American small business borrowers now have a Bill of Rights which will afford significant protection from predatory lenders. US lenders which join the Responsible Business lending […]
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 […]
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 […]
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 […]
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