Jeff Suter

Key information on Phase 2 of Government Guarantee Scheme

The Commonwealth Treasury has approved the first participating lenders in Phase 2 of the Government’s SME Guarantee Scheme. Key information on Phase 2 of Government Guarantee Scheme Loans under the Scheme can be issued from 1 October 2020 until 30 June 2021 $1 million is the max limit available under Phase 2 A borrower can …

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No doc loans with interest deferred for 12 months

In the current environment, even with many businesses carrying ATO balances, business owners have more credit options from more different providers than ever before – particularly in the unsecured loan market. However many business owners who were lured in by the speed to settlement and ease of application are now having a tough time with …

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Bringing forward revenue recognition in a commercial construction business.

Trade and debtor finance are well established in the marketplace as legitimate lines of credit for those in a B2B environment and there’s now a sizeable number of lenders offering much more competitive rates than in years gone by. But an easy solution isn’t always available for those in the construction or construction related industries …

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What happens if I can’t stick to my ATO payment plan?

With the ATO flagging that they’re actively looking to call in debt it’s worth knowing your lending options around tax debt and not risking a garnishee notice or a director’s penalty notice. Before we get to lending; know there are tax debt specialists and pre-insolvency specialists that work alongside your tax accountant. These experts can …

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The benefits of private lending (but buyer beware):

There’s no arguing the utility of private loans and their benefits exist largely because they sit outside the protection of consumer credit laws. The application and assessment for a private loan is relatively simple. If the applicant is a company and there exists sufficient equity (usually in property but sometimes equipment, machinery or luxury cars) …

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