Two actions SME owners must master as end of JobKeeper approaches

As end of JobKeeper approaches, here’s two essential actions small business owners must master to survive 2020.  This July sees one of the toughest starts to a new financial year in decades, with small business owners bearing the brunt of the impact. Scottish Pacific CEO Peter Langham said as business owners put together new contingency… Continue reading Two actions SME owners must master as end of JobKeeper approaches

8 tips for maintaining cash flow during the festive season

Juggling cash flow is hard at the best of times in small business, but it’s super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. If you find the silly season a little stressful, you’re not alone. All small business – regardless of industry sector – struggles… Continue reading 8 tips for maintaining cash flow during the festive season

Royal Commission into banking turns finance industry on its head

The findings of the Royal Commission into the banking and financial services sector is expected to turn the finance industry on its head with fears of interest rate rises following a ban on broker commissions. Scottish Pacific CEO Peter Langham said that adding a broker fee for service would be detrimental to small business owners… Continue reading Royal Commission into banking turns finance industry on its head

SMEs may have to seek alternative lending following the results of the Royal Commission

Small business owners could be most impacted once the final report of the Royal Commission is released later today. According to Scottish Pacific CEO Peter Langham, the impact of the Royal Commission will be far and wide and there are growing fears that small businesses will find it even harder to access funding. “From where… Continue reading SMEs may have to seek alternative lending following the results of the Royal Commission

A tale of two SMEs: what distinguishes a growing business from a declining one?

What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions… Continue reading A tale of two SMEs: what distinguishes a growing business from a declining one?

SMEs trading banks for fintechs, poll suggests

Fintech and other non-bank lenders are set to overtake banks as the preferred source of growth funds for Australian SMEs, the latest Scottish Pacific SME Growth Index suggest. [Related: Let’s Talk… Fintech, FinTech Australia’s CEO steps down but will continue to help Aussie fintechs from Asia and Fintech Code of Conduct recommended by report into best-practice for SME… Continue reading SMEs trading banks for fintechs, poll suggests