Did you miss today’s news? Check out the latest headlines that matter to small business owners with our daily briefs. Here’s what you need to know on Monday, November 4 2019. Government plans independent review program for ATO complaints Following record complaints against the ATO, taxpayers and small business owners could get a fairer deal… Read more »
Australians are cancelling their credit cars in favour of Buy Now Pay Later payment options according to research by comparison site mozo.com.au
A recent survey has found only 7 per cent of small business owners know their business credit score and the majority are also ignorant of Compulsory Credit Reporting (CCR) and how it could impact their ability to get finance. The survey was conducted by cloud accounting solution provider MYOB on behalf of OnDeck. It studied… Read more »
A report by the Australian Retail Credit Association’s (ARCA) consumer education site CreditSmart has revealed Aussie millennials have a low understanding of credit. Almost half are unsure of the difference between a credit score and a credit report and more than half do not understand what a lender looks for when granting credit. The study… Read more »
Building a rock-solid business credit profile is likely to increase your available options to get the financing your business needs. When combined with sound business practices and a healthy business, a strong business credit profile can open doors to additional financing options. The first place to start is to find out your business’s existing credit score. OnDeck’s free Know Your Score tool… Read more »
Much like you have a personal credit score, if you’ve been trading as a business for any length of time your business will also have a credit score. We all know the importance of our personal credit score, yet our business credit score is an often misunderstood metric. However, it is essential to understand if you are… Read more »
The small business appetite for non-bank lending is on the rise. We take a look at why.
Small businesses weighing up their options for funding can now access a free credit score, with the launch of Know Your Score.
OnDeck and Commonwealth Bank were praised for their collaboration which aims to help the bank’s small business (SMB) customers obtain access to finance.
Businesses can get their credit score and be matched with an appropriate finance lender…