Top three tips for saving money on Equipment Finance
ONE: Use an experienced business finance broker who can prove strong working relationships with a range of banks and specialist lenders. Ensure they are not just an agent for one lender and can pinpoint financiers supportive of your industry. TWO: Make sure your finance broker takes time to understand your...
The first step to buying a motel or accommodation business
Before you start looking for a suitable motel or accommodation business, it is recommended you determine how much you can comfortably afford to borrow. Let’s consider a Freehold Going Concern motel for a purchase price of $1,000,000. Based on typical lending LVRs the maximum borrowing capacity would be $700,000 (or...