Firms need finance to: start up a business, eg pay for premises, new equipment and advertising. run the business, eg having enough cash to pay staff wages and suppliers on time. expand the business, eg having funds to pay for a new branch in a different city or country.

How do I get funding for my business?

Here is a list of funding options for small businesses.

1. Angel Investing.
2. Working Capital Loan.
3. Term Loan.
4. Equipment and Invoice Loans.
5. Cloud Funding and Crowdfunding.
6. Partners and Venture Capital (VC)
7. Government Schemes and Bank Loans.

What can I do to help my business?

There are lots of financial professionals available. Take some time to find one that’s right for you. Accountant – to help with your business financial needs like preparing financial statements, managing your tax and providing you with financial and business advice.

Where can I get help with my finances?

You can find registered BAS agents on the Tax Practitioners Board (TPB) register. If you’re in financial difficulty, a financial counsellor can help you manage your affairs in the short-term and plan for the future. Financial counsellors provide a free, confidential and independent service.

How to determine the financing needs of your business?

Understanding your financial needs is the first step toward narrowing down your financing options — or whether you need financing at all. We guide you through the preliminary steps to steer your business to the right path. Is my business doing well?

When is financing a good option for a struggling business?

Among the few times financing could be a good option for a struggling business is when it suffers seasonal losses. Access to extra funds can keep you afloat in the off-season until sales pick up and you’re able repay it more easily. Do I need to build my credit? Consider taking out a small loan you’re certain you can repay.