Spring is upon us and whilst the welcome weather change has enhanced our moods, the quantity of work continues to pile up. Our team is up to the challenge and we are ready to assist in meeting your equipment finance needs so that you can concentrate on running your business.
Our team are always here to assist with your finance requirements, whether it is organising finance for an asset purchase, securing a pre-approval prior to sourcing your equipment, or refinancing a balloon or a residual on an existing loan. We can at least take a bit of this load off. And donโt forget we can also fund your insurance premiums!
Please stay safe and enjoy the read.
Financed equipment comes with insurance obligations
Equipment being financed generally must carry insurance, which is stipulated under the lenderโs fine print. Often, businesses have policies that cover all assets, such as a fleet policy or farm policy, in case there is an unexpected event that causes the equipment to be damaged or lost. Other businesses may opt for individual policies for each unit of equipment. Either strategy is acceptable and should be considered to best suit the business.
Cutting costs can often be the simplest way to improve your businesses profitability. Not only that, but cost-cutting strategies may assist safeguard the business's long-term competitiveness.
Weโve compiled a list of innovative ideas to start cutting costs in your business today.
You already understand how valuable time is if you run your own business or work for yourself. So it can seem hard to obtain a loan for your business when dealing with lenders who need a ton of paperwork to prove income.
Furthermore, many self-employed people find it challenging to supply their lender with traditional evidence of income due to the nature of their business.
If this describes you, a low-doc loan might be the answer to your issues.
2032 Olympics: Your chance to bid for billions worth government contracts
Businesses are encouraged to go for gold at the Brisbane 2032 Summer Olympic and Paralympic Games, with the Queensland government urging businesses to make their bid with billions of Olympic and government contracts up for grabs.
The Q2032 website is now live and invites eligible businesses to get on Team Queensland. Tenders include everything from stadium stands, seating and even the Brisbane 2032 flags with more opportunities extending beyond the games.
Information contained in this document is of a general nature only. It does not constitute financial advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain advice specific to your objectives, financial situation and particular needs before making any decision or acting on any of the information contained in this document. Subject to law, PMG Finance nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability for any person acting, or refraining from acting, on the basis of the information contained in this document.
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