Personal Guarantee Loans – What Are The Risks?
Do you know the risks of offering a personal guarantee on a business loan? We’ve outlined all the key risks to think about when entering into a loan agreement.
LENDING
Xero Adds New Features to Help Track Work-Related Expenses
When your staff are working from home, how do you track their work-related expenses and get a clear real-time picture of your finanicals? Contractors are in the habit of recording business expenses related to the home office for tax reasons. Employees, however, do not claim deductions because the employer pays for these expenses. Xero have …
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Small Business Loans to Ease Cashflow
The Government has launched the Small Business Cashflow Loan Scheme (SBCS) as another measure to assist eligible small-to-medium businesses adversely affected by COVID-19. From 12 May 2020, businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee. What’s involved? the loans accrue interest …
Alternative Lending Solutions If The Bank Says No
While a bank may be your primary financial provider, what do you do if they say no to your funding request? A no from a bank is not always about your creditworthiness or ability to service a loan. It could simply be the bank’s propensity (or not) to the nature of the lending that is …
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