Cash-strapped, time-poor SME owners looking for funding alternatives

Over 70% of SME owners in Australia cite their primary business concern as not having enough cashflow. These small business owners have been looking for novel funding solutions to finance the maintenance and growth of their business. Non-bank lenders have become increasingly popular because they don’t require the family home as collateral, thereby allowing these entrepreneurs to take business risks without compromising the safety and well-being of the families.

Key Takeaways:

• That equates to 12 hours a day, six days a week – or a staggering 16-hour day if they stick to a standard five-day week.
• All these statistics suggest that it will become increasingly important to the national economy for business owners to free up time and focus on the key elements needed for their enterprises to thrive and grow.
• Whatever industry they are in, Australia’s small-business owners are looking for funding and finance solutions that work specifically for their business.

“All these statistics suggest that it will become increasingly important to the national economy for business owners to free up time and focus on the key elements needed for their enterprises to thrive and grow.”

https://insidesmallbusiness.com.au/growth-development/cash-strapped-time-poor-sme-owners-looking-for-funding-alternatives