3 ways a broker could help your business grow in 2021

Whether you need an espresso machine for your café or the latest tools for your tradies, equipment finance can help you purchase assets without eroding your working capital. It is a popular form of finance for businesses that want to better manage their cash flow.

So, whether you need an espresso machine for your café or the latest tools for your tradies, equipment finance can help you purchase assets without eroding your working capital. It is a popular form of finance for businesses that want to better manage their cash flow. 

The great news for small businesses is that until 30 June 2022, eligible businesses will be able to immediately write off on tax the full value of any eligible asset purchased for the business. Visit ato.gov.au to check your business's eligibility and apply the correct threshold amount depending on when the asset was purchased, first used or installed ready for use. 

When small businesses find themselves equity rich and cash flow poor, a small business loan could be a helpful solution. A business loan can be structured either on an upfront basis, where the entire value of the loan is withdrawn at once and paid back in regular instalments, or it may be on call, with payments determined by the amount of the loan that the business has drawn down.

Different business loan types come with varying interest rates and repayment conditions - which makes getting expert advice more important than ever.

There’s a lot to be said for owning your business premises, and if you run your own show, chances are you know just how important it is for your customers to associate your business with a particular patch of turf.

Commercial property can be a complex area, and we recommend speaking with your local Mortgage Choice broker to discuss the different financing options and lender requirements. Not only do they understand how commercial finance works, they can provide valuable insights to get your loan application across the line.