Staff and Partners Blogs

The Coalition government released its budget for 2019-20 on Tuesday (2 April) evening, which included a range of initiatives for SMEs.

The instant asset write-off has been increased from $25,000 to $30,000 and extended to business earning up to $50M per year (up from $10M previously) which means that an additional 220,000 businesses will benefit from this new development.

After more than 10,000 public submissions, and more than 60 days of, at times, horrific evidence, the final report of the Banking Royal Commission into the financial sector was recently released.

As a percentage of new-vehicle sales, sedan — or “car” — segment marketshare dropped to 28.8%, the lowest monthly share on record. By comparison, the segment that comprises light-duty pickups, vans, SUVs, and crossovers is on the rise. 

It is true that not every reason is a good reason to go into debt for your business, that doesn’t mean that good reasons don’t exist. If your business is ready to take a leap, here are 3 reasons to apply for a Business Loan that you might want to consider.