Running a small business is a 24/7 commitment for the nation’s business owners according to research by online lender, OnDeck.
Leading SME lender OnDeck suggests small business owners looking to take advantage of the instant asset write off need to act quickly to secure finance.
Research by online lender Ondeck has found small business owners are increasingly struggling to secure finance from traditional lenders. In response, SMEs are turning to online lenders, family, friends and credit cards to supply the funds they need to grow their business. The study found one in four SMEs have had their loan applications rejected… Read more »
Small business finance provider, OnDeck, has found cyclical patterns in the lending habits of the nation’s small businesses. The lender’s data reveals definite peaks and troughs in small business online lending and confirmed strong cyclical funding patterns across the sector in Australia. Pre festive season saw the number of small businesses loan applications jump 145… Read more »
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 »
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 »