Interlease BlogBusiness credit tough in difficult times
There’s been a lot of talk about the impact of the global financial crisis on interest rates and access to finance.
Whilst the banks maintain that they are providing finance, and certainly that appears to be the case with residential mortgages, the availability of finance to business remains an issue. It is finally receiving a greater level of attention in the mainstream press, with The Australian and Australian Finance Review both publishing articles on 27 March.
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Arthur Farmakis was unsure whether he should start his mobile coffee business in 2009. That was until the former IT professional heard the federal government's small business investment allowance was winding up on December 31.
Making sense of interest rates
Business borrowers are watching closely as official interest rates rise across the board. So what does this mean for your business and why do rates vary between commercial rates, home loan rates and equipment finance rates?
SME's grapple with restricted funding
Many small-to-medium enterprises currently seeking funding are being stonewalled by lenders, with more and more asset classes being categorised as “non-preferred” and lenders also imposing overly stringent approval conditions.
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