Small Biz Matters – a half hour program each week where you can work ON your business rather than IN it.
with Alexi Boyd from Boyd Office Management Services
Date: 30 July 2019
The Launch of ASBFEO & Scottish Pacific’s FitsME Essential Guide to Business Funding
On 29th Jul 19 Small Biz Matters interviewed Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, Lielette Calleja, Director of All That Counts and Peter Langham, CEO of Scottish Pacific who collectively launched the new Business Funding Guide.
It was refreshing to see industry heavyweights Scottish Pacific using their data collected from years of small business reporting for the power of good. When the office of the Australian Small Business and Family Enterprise Ombudsman noticed a trend they decided to work with Scottish Pacific to develop a framework to support small business in becoming financially fit. It’s a great guide; assisting small business to understand the how, the why and the practical strategies to prepare for funding applications – no matter the funding you’re seeking. With the advice of seasoned finance professionals like Lielette Calleja the guide supports small businesses to have solid knowledge of their business’ performance and be prepared for growth. In particular the funding decision flowchart is an incredibly affective tool to understanding the complexities of small business finance.
As ASBFEO’s media release stated: The biggest barrier to small business growth is access to finance. Small businesses have been feeling the brunt of the credit crunch as lenders tighten their requirements in the wake of the Banking Royal Commission. That’s why it’s so important for small businesses to understand the range of finance providers in the market and to take the steps necessary to become ‘finance fit’ so they can prove their credit worthiness to the lender of their choice. The Business Funding Guide is an industry-first publication that aims to support small businesses in their pursuit of growth and success, through their trusted advisers.