Posts from Duo Financehttps://www.duofinance.com.au/https://www.duofinance.com.au/managing-working-capital-with-short-term-cash-flow-finance/https://www.duofinance.com.au/managing-working-capital-with-short-term-cash-flow-finance/Short-term cash flow finance is the final means of managing working capital, which we will delve into. Fintech financiers generally provide a lump sum to offer an immediate solution for cash flow requirements. Traditionally, lenders will assess a business’ ability to repay a loan based on historical data. In contrast, lenders in this space draw on […]Tue, 09 Apr 2024 00:00:00 GMThttps://www.duofinance.com.au/trade-finance-and-letters-of-credit/https://www.duofinance.com.au/trade-finance-and-letters-of-credit/Trade finance is another lending solution available to assist businesses in managing their cash flow effectively. This specific method is of particular relevance for businesses that are importing products from, or exporting to, an overseas destination – although can be drawn on for domestic use. Trade finance has been designed to fill the working capital […]Wed, 03 Apr 2024 00:00:00 GMThttps://www.duofinance.com.au/managing-working-capital-with-receivables-finance/https://www.duofinance.com.au/managing-working-capital-with-receivables-finance/In a recent blog post, we discussed ‘overdraft’ as a solution to adequately and effectively manage a business’ working capital. Another solution is ‘receivables finance’, which enables a supplier to collect invoices from their customers sooner than the agreed-upon terms. A receivables finance arrangement does not appear on your balance sheet, which is helpful if you […]Tue, 26 Mar 2024 00:00:00 GMThttps://www.duofinance.com.au/managing-working-capital-with-the-overdraft/https://www.duofinance.com.au/managing-working-capital-with-the-overdraft/When looking to manage working capital and cash flow in the most efficient way possible, there are a number of lending solutions that have been tailored specifically with working capital in mind. One of these solutions is the humble ‘overdraft’. This traditional facility provides a buffer for known cyclical or unexpected cash flow requirements. It […]Sun, 17 Mar 2024 00:00:00 GMThttps://www.duofinance.com.au/determining-your-businesss-capacity-to-borrow-working-capital-and-quick-ratios/https://www.duofinance.com.au/determining-your-businesss-capacity-to-borrow-working-capital-and-quick-ratios/Generally, a business’s working capital is calculated by subtracting their ‘current liabilities’ from their ‘current assets’. If this figure is found to be negative, it means a business cannot pay its bills, or self-fund its operations. To determine the liquidity of a business, a lender may utilise the ‘quick ratio’, which divides the value of […]Tue, 05 Mar 2024 00:00:00 GMThttps://www.duofinance.com.au/converting-upe-directors-loan-to-bank-debt-the-advantages/https://www.duofinance.com.au/converting-upe-directors-loan-to-bank-debt-the-advantages/Utilising bank debt to restructure existing liabilities holds the potential to significantly change your company’s debt and equity structure. By transitioning internal liabilities, namely director’s loans and Unpaid Present Entitlements (UPE), onto the balance sheet as bank debt, you are poised to achieve multifaceted advantages and can optimise your financial architecture to suit your strategy. […]Thu, 23 Nov 2023 00:00:00 GMThttps://www.duofinance.com.au/finding-the-right-sme-broker/https://www.duofinance.com.au/finding-the-right-sme-broker/Finding the right broker is no small feat. Come with us as we delve into the qualities that small-to-medium enterprises (SMEs) should look for in a commercial business broker.  The Australian finance industry is booming, with many residential brokers diversifying their skillset and entering the world of commercial finance. But what does this mean for […]Wed, 15 Mar 2023 00:00:00 GMThttps://www.duofinance.com.au/finding-the-right-commercial-broker/https://www.duofinance.com.au/finding-the-right-commercial-broker/In recent years many Australian brokers have diversified their service offering, expanding from residential finance into the world of commercial finance. However, there is a significant difference between the two – and more specifically, commercial property finance and commercial business finance.   Take a deep dive with us into the Australian broker market, and what small-to-medium […]Thu, 12 Jan 2023 00:00:00 GMThttps://www.duofinance.com.au/improve-your-credit-file/https://www.duofinance.com.au/improve-your-credit-file/Are you considering applying for a loan? If so, it’s time to look at your credit file and credit score.  What is a credit file?  A credit file is like a report card. It gives you a rating based on your financial history. It’s one of the first things lenders will look at when considering […]Tue, 15 Feb 2022 00:00:00 GMThttps://www.duofinance.com.au/redraw-vs-offset/https://www.duofinance.com.au/redraw-vs-offset/It is the age-old question: do I opt for an offset account or redraw facility on my investment property?  We strongly believe in providing education and resources to help build your confidence in making financial decisions. The offset vs redraw discussion is one we have with our clients daily. We have put together an easy-to-understand guide with some […]Mon, 15 Nov 2021 00:00:00 GMThttps://www.duofinance.com.au/claiming-interest-deductions/https://www.duofinance.com.au/claiming-interest-deductions/At Duo, the success of our clients is at the forefront of our minds. We work with many investment property owners, and we receive a lot of questions surrounding interest deductions at tax time. In fact, the Australian Tax Office (ATO) has shared “almost one-third of people made mistakes when claiming their interest deductions”.  It is important to us that […]Wed, 03 Nov 2021 00:00:00 GMThttps://www.duofinance.com.au/the-victorian-home-buyer-fund/https://www.duofinance.com.au/the-victorian-home-buyer-fund/The ‘Home Buyer Fund’ is a Victorian Government initiative to assist eligible homebuyers. The scheme allows buyers to have a deposit as small as 5% of their purchase price, whilst still being able to avoid costly Lenders Mortgage Insurance through these government contributions. The Fund offers contributions through a ‘shared equity scheme’. This scheme means […]Fri, 15 Oct 2021 00:00:00 GMThttps://www.duofinance.com.au/medical-professional-loans/https://www.duofinance.com.au/medical-professional-loans/‘Medico Policy’ is a special package offered by lenders to those in the medical profession. These policies take the stability and growth opportunities of a medical professional into account along with the analysis that those in a medical profession have a statistically lower risk of defaulting on a loan.   There are several different benefits that the borrower in these professions can receive, and they vary from lender to lender.   Medical professionals […]Wed, 29 Sep 2021 00:00:00 GMThttps://www.duofinance.com.au/commercial-property-investment-business-premises/https://www.duofinance.com.au/commercial-property-investment-business-premises/Its not uncommon for our clients to ask our opinion on their property investment plans – especially when they are considering a commercial property. ‘What do you think of this property?’ ‘Is this a good return?’ What kind of loan can we get?’ This is always hard to answer as there are so many variables […]Thu, 26 Aug 2021 00:00:00 GMThttps://www.duofinance.com.au/commercial-finance/https://www.duofinance.com.au/commercial-finance/This article highlights two key factors to consider when applying for business or commercial finance – business insights/information and financial information. The common feedback we get from business owners who have tried to obtain finance is that the process is difficult, painful and often very time consuming. There are many reasons for this such as […]Fri, 28 May 2021 00:00:00 GMThttps://www.duofinance.com.au/commercial-property-investment-insights/https://www.duofinance.com.au/commercial-property-investment-insights/The commercial property sector has seen some signs of life again in early 2021 following the depths of the COVID-19 pandemic during 2020. Although uncertainty around the property market and wider economy as a whole still exists, investors are back in the market for quality commercial investments and are looking to take advantage of record […]Thu, 18 Mar 2021 00:00:00 GMThttps://www.duofinance.com.au/property-investment-checklist/https://www.duofinance.com.au/property-investment-checklist/Investment in real property, such as residential real estate, is likely to be a lengthy process and one that usually involves a plan for the long term. To ensure you have considered what is required before making the big purchase, we’ve outlined steps you need to take in that process. 1. Make the commitment A […]Tue, 09 Mar 2021 00:00:00 GMThttps://www.duofinance.com.au/five-ways-to-fund-a-home-renovation/https://www.duofinance.com.au/five-ways-to-fund-a-home-renovation/Considering transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, we’ve rounded up five home renovation finance options that could help turn your dream into reality. 1. Equity Release / Top Up Home Loan This is probably the most common way people borrow money when they want […]Mon, 01 Mar 2021 00:00:00 GMThttps://www.duofinance.com.au/buy-now-pay-later/https://www.duofinance.com.au/buy-now-pay-later/The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of […]Mon, 22 Feb 2021 00:00:00 GMThttps://www.duofinance.com.au/fixed-rate-loans/https://www.duofinance.com.au/fixed-rate-loans/With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, […]Mon, 15 Feb 2021 00:00:00 GMThttps://www.duofinance.com.au/home-loan-costs/https://www.duofinance.com.au/home-loan-costs/When getting ready to apply for a home loan, there are additional costs that some people may not know about that can add up very quickly. Many buyers think they only require a minimum of 5 per cent of the total purchase price when applying for a home loan. This is forgetting that the lender’s […]Thu, 21 Jan 2021 00:00:00 GMThttps://www.duofinance.com.au/smsf_borrowing/https://www.duofinance.com.au/smsf_borrowing/SMSF, what is it? SMSF stands for Self-Managed Superfund. As they name suggests, Self-Managed Superfund provides you the control over your super and the investments it makes. With that said, its important you seek the expert advice of an experienced Financial Advisor to help guide you and ensure you are aware of the opportunities and […]Fri, 08 Jan 2021 00:00:00 GMThttps://www.duofinance.com.au/why-use-a-finance-broker/https://www.duofinance.com.au/why-use-a-finance-broker/You might be asking why you should engage a broker – isn’t that an added cost, when you can approach the bank yourself? There are four key reasons why using a broker will benefit you: choice, time, money and confidence. Put them all together and you’ve got a holistic solution that will deliver the results […]Mon, 14 Dec 2020 00:00:00 GMThttps://www.duofinance.com.au/asset-finance-explained-how-to-get-what-you-need-to-get-ahead/https://www.duofinance.com.au/asset-finance-explained-how-to-get-what-you-need-to-get-ahead/Asset finance can help reduce a business’ initial outlay, while you acquire what your venture needs to get to scale. Duo Finance can help!Thu, 26 Nov 2020 00:00:00 GMThttps://www.duofinance.com.au/guide-to-small-business-loans/https://www.duofinance.com.au/guide-to-small-business-loans/Most small businesses use finance when they’re starting out. Access to small business loans can also help you manage your cash flow, cover unexpected expenses and purchase the equipment you need to grow. Different small business loans are designed for different circumstances, so it’s important to find one that meets your needs in a cost-effective […]Tue, 17 Nov 2020 00:00:00 GMThttps://www.duofinance.com.au/home-loan-self-employed/https://www.duofinance.com.au/home-loan-self-employed/What are the most common home loans for self-employed people? Most self-employed people we see for home loans are not first-time buyers – rather, they are typically sophisticated upgraders. They are higher income earners who are looking to buy larger homes or investment properties, to reap the rewards of their successful business. They are savvy, […]Tue, 10 Nov 2020 00:00:00 GMThttps://www.duofinance.com.au/debt-restructuring/https://www.duofinance.com.au/debt-restructuring/Debt restructuring is a process wherein businesses reduce, re-align or renegotiate their debts in order to improve or restore liquidity and assist business continuity and/or growth. It involves careful planning and focus on the road ahead – for example, considering what your business might look like post-COVID, and whether you have the right finance and […]Wed, 04 Nov 2020 00:00:00 GMT