Funding

Advice Should I turn to family and friends?

It’s undeniably tempting if a close friend or family member offers you funds for your business venture. The money is usually interest and red tape free, provided when you need it and you won’t be sleeping on a park bench if you can’t repay it. ...

Advice What grants are available to me?

There is a range of grants available to start-up businesses at federal, state and even council level, but be aware that you may have to go through a difficult and complex procedure to secure one.

Advice How do I work with investors?

Like any kind of business relationship, you will have to balance professional diligence with good communication skills if you are to get the most out of your link-up with an investor.

Advice How can I secure funding from a business angel or venture capitalist?

Although banks still provide the bulk of start-up funding in Australia, there is a thriving angel investor and venture capital market that is suitable for certain types of companies.

Advice How can I get a loan from my bank?

Banks strive to paint themselves as an ally of Australian entrepreneurialism and every major bank will have a dedicated small business unit.

News NAB executive admits banks have failed SMEs

The head of business banking at NAB says small businesses have been left behind by the banking system, admitting that banks focus on larger companies.

News Export grants promoted to start-ups despite cuts

Export-focused start-ups are being encouraged to utilise the Federal Government’s Export Market Development Grants despite recent funding cuts in order to return the Budget to surplus.

Guru says Michael Robert Milken

In financing growing companies, we always looked for human value that didn’t appear on the balance sheet… the quality of management, especially its entrepreneurial drive.

News Awesome Foundation awards first monthly start-up grant

A start-up that seeks to utilise city rooftops as locations for bee-keeping has become the first recipient of a grant from The Awesome Foundation.

News Cycling start-up Knog secures export aid

A cycling accessories company has received a US$600,000 export working capital guarantee from the Export Finance and Insurance Corporation to meet increasing international demand for its products.

News NAB languishes in business satisfaction rankings

National Australia Bank was the only major bank to record a fall in customer satisfaction rates in January, according to the latest Business Financial Services Monitor.

News Budding social entrepreneurs ‘leaving corporate Australia’

The School for Social Entrepreneurs, which has won a $100,000 grant from Macquarie, claims that the sector is on the rise.

News Small business credit demand dips in 2010

Small businesses' demand for credit fell away significantly last year, with caution set to continue in 2011, according to new research.

News Social enterprise funds urged to apply to $20 million scheme

Social enterprises are being urged to apply to a $20 million Federal Government fund that aims to drive innovation and development in the sector.

News Queensland small firms set for $500m assistance

A Gold Coast-based niche funds manager has established an investment vehicle to raise $500 million from APRA superannuation funds to assist Queensland SMEs affected by floods and Cyclone Yasi.

News Tourism industry calls for share of flood levy

Australia’s crippled tourism industry is pushing for a share of the Federal Government’s flood levy to aid hotels and resorts in struggling regional areas.

News Small business lending to improve: RBA

Small businesses can expect better lending conditions as the economy strengthens and competition in the banking sector increases, according to the Reserve Bank of Australia.

News SMEs still exporting despite high Aussie dollar

New research shows the rising Australian dollar has not deterred small businesses from exporting.

Features Six warning signs that you’re heading for a cash crunch

When you’re in the throes of your day-to-day work, it can be easy to miss the signs that all is not well.

News Angel dinner launched for tech start-ups

Technology start-ups have been urged to submit their funding applications for the next Innovation Bay angel dinner.

News Cyclone Yasi set to force further budget cuts

Cyclone Yasi has left a $1 billion damage bill for the state’s agricultural industries, with Prime Minister Julia Gillard warning of further budget cuts to fund the recovery effort.

News Australia lacks Obama-style small business plan – Opposition

The Obama administration unveils a wide-ranging strategy for start-ups in the US, prompting the Federal Opposition to accuse the Government of lacking a similar plan for Australian small businesses.

News Start-up secures $3.5 million LPG grant

A Melbourne start-up has been awarded a $3.5 million Federal Government grant to develop a new high-tech LPG liquid injection system for vehicles.

News Banks still dominating business loans

New research reveals credit unions have the best personal loan product offerings, but analysts say the banks are still competing with non-bank lenders for businesses loans.

Features Top 10 excuses for late payment – and how to tackle them

“My dog ate my homework” excuses are rarely tolerated at school, but it seems that small businesses are regularly accepting feeble justifications from customers who don’t pay up on time.

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