According to the latest reports available, non-bank lending to small businesses is the highest as of 2008. As a rising number of businesses are turning to alternate options, this is only going to increase. Several alternative sources like peer to peer lenders and invoice financing is finding more takers among the small business owners. While the governments’ new schemes for property buyers like Help to Buy has brought some respite to the people, small business owners still feel neglected by the government and mainstream lenders.Read more
Australians have saved money on garments through innovative ways
Nobody pays full price anymore. Australians have managed to save $12.2 billion on apparels, although this does not indicate the demand has reduced. People are finding new ways of saving money while shopping.Read more
Starting a new business of any kind is difficult and especially so when it’s a food related business. However, the continued popularity of cooking shows all over the world has led to many people setting out to realise their food dream. With the financial crisis gradually fading away, more lenders are ready to finance start-up businesses.
Here we will discuss some steps to consider, when starting a new food business.Read more
With new fashion emerging every fortnight, Australians are trying to find a way to fill their wardrobes, without emptying their wallets. Here are five tips to save on clothing.
Latest designs from all over the world are just a click away from the online buyers. The wait and watch approach eliminates the online buyers to buy clothes at a very less discount, while the normal shops still show the higher price. However, online shopping requires patience.Read more
Share market started closing modestly higher as U. S Congress got approval to pass a bill for increasing its debt ceiling. The standard S & P/ASX200 index increased to o.38% to 5,283.1 points after the official market closed whereas, 0.33% has been added by all ordinaries to 5,281.9 points. The plan expands the borrowing authority of United State Treasury until February 7 as well as funds the government until 15th January. According to Mr. Weston, financial dram seems to be priced into different benefits hence investors now think about how global data can affect the policy setting of US Federal Reserve.Read more
With low interest rate and RBA not likely to increase it in next few years, the market has become competitive. This article is a combination of tips from investors and property advisors.
Do not stretch
Do not stretch yourself to buy an expensive property with the hope of values rising in the near future. If you cannot afford a house, shift to a suburb and it will catch up in value soon.Read more
The internet gives answers for all our probable questions. It gives relevant results for money searches too. It helps to link the moneylenders, venture capital investors to the people who want to get a base in finance or someone who want to refinance his credit card debt.
In lending club, the borrowing rate is 14.5 percent for three to five years loan. The rate also differs based on their credit scores. The investors get an interest rate of 8.5 percent. The defaults of loans account for 3.5 percent and the annual company fee is 2.5%.Read more
Australia is experiencing low cash rate and mortgage rate, for household customers. People are taking mortgages at a rate of 5%. But the sector of people who are paying for this comfort is the business people: especially Small and medium sized enterprises.
Bank fees on SMEs
The bank fees for business are showing an amount of 7.3 billion dollars, accounting to 7% rise. A survey has shown that the 43% of SMEs are experiencing an elevated rate on their loans.Read more
The Archbishop of Canterbury, Justin Welby, has declared war with a company that offers short term loans with a high interest. He has told the company that he intends to challenge and push it out of business by promoting non profit credit unions.Read more
Family and friends
All new businesses require a huge amount of money as capital in order to set the workplace up and get it running. It is not possible for all of them to invest a lot of money out of their own pockets and hence, external help is required in such cases. The best place to start gathering money is your own family. One can depend on one’s family and friends to help them in this situation, and then pay one’s debt off at a later stage. This is a convenient method of transaction as there is a sense of trust involved in this and hence, obtaining money would not be an issue.Read more