How to Get Government and Finance Assistance For Your Business in Australia

Are you thinking of growing your Australian business further but haven’t got working capital and are thinking about government assistance to help you get there. Well here is some information to help you get there.

Some of your options are:
• seek government assistance such as grants or free information
• seek a government grants agency who specializes in obtaining assistance from government agencies
• seek banking finance

Government assistance There a couple of good websites which are really good starting point – Grantslink.gov.au – this outlines many runs and refers links to relevant information do some searches for keywords each relate to your business and subscribe to email alerts of grant areas of interest to your business. Business.gov.au is a great source of information. This also provides the links directly to local, state and federal government assistance programs.

For business startups there is generally no financial assistance, however there is free business advice. Such as the small business support line 1-800-777-275 or business enterprise community call 130-036-3551.

For businesses the startups stage are beginning to develop a good website is enterpriseconnect.gov.au. This is a free government service provides a business review to all businesses with a turnover above $2 million. They provide concrete suggestions on how to improve your business.

So generally speaking, for initial start ups there is government assistance in the form of information. But for established businesses further advice and specialized advice and grants may be possible.

Grants are a mostly used to encourage research and development projects. But they may be for many different purposes and varying amounts.

The federal government has recently introduced the small business online program. The idea of this program is for small businesses to develop web stop web presence and online business. You may be able to get a specialist web developer at low-cost or no-cost. Contact your local BEC for information on their course.

To check government websites is a useful source of information or to your business consultant or accountant for specific information.

Government assistance agencies

Companies looking for a successful business which would generate long-term tax paid and employees, exports and growth. It is important to demonstrate good management skills in the business in any grant application.

You must provide all information required in the application process, you only get one opportunity to make a good impression so it’s best to get it right first time. Also many of these grants may be closing so you need to get in while it remains open.

You need to be realistic in the amount you apply for, then maybe caps on the amount to apply for. Make sure you request the full amount to make the project work do not understate your requirement.

Try to be proactive in requesting government assistance programs, quite often people need this to when they are in financial difficulty. This may be too late.

Approaching your bank

your banker can be a valuable free tool, in exchange for services such as transaction products. They may be able to provide assistance in business decisions and question your planning.

If a bank cannot provide financing it will generally provide you advice on why you are unable to receive finance at this stage and may give you advice as to how to rebuild or develop to obtain finance in the near future.

Banks will tend to look favorably upon a strong application which includes security, business planning, financial projections, experience and management expertise.

Some simple short-term financing arrangements include overdrafts and business credit cards.

Longer-term finance over 5 to 10 years includes loans.

It is important to guard your business adequate working capital server it does not suffer lack of liquidity while growing down the track. Banks normally only take on quality applications so do try finance brokers if unsuccessful with banks.

Owner Financing Assistance – What Is It and How Does It Work?

The local real estate market may not look bad compared to many harder-hit locations in nation, but if you find yourself waiting a lot longer to find a buyer for your home, then it may be time to offer owner financing assistance. Owner financing can be offered to a potential buyer and help you move your property much faster in a sluggish market. It sounds pretty simple, but in reality it requires a thorough understanding of the risks.

Before you can put the offer on the table for owner financing assistance, it is important to protect yourself both legally and financially. This starts by doing a thorough review of the buyer’s personal background, including their financial assets and employment records, references, credit scores, and other relevant information. There is no reason why you shouldn’t perform as rigorous a review of the potential buyer’s qualifications as any other financial institution would.

Secondly, when offering owner financing assistance, the purchase contract must be very carefully prepared, including the details of the owner-financing loan. Be sure to include a “deed-in-lieu-of-foreclosure” clause in the contract, as well as the amount, interest rate and specific terms of the loan. This way, if the new owner were to default on his or her loan, you would be able to take the property back from the buyer. An agreement should also state that the sale is “contingent upon the approval of the buyer’s financial information”.

As tempting as it may be, do not enter into a situation where the buyer avoids a down payment. By investing a lump sum amount in the property, the buyer is more likely to feel ‘invested” in the property and this lessens the risk of default.

Also, remember you can ask for professional help in executing the contract and closing the sale. You may require the assistance of a title company and a loan servicing company, as well as a real estate attorney to help you with the closing paperwork and financial aspects of the sale.

A Realtor may be your best source of advice and support when you offer owner financing assistance.

Summary

Offering an owner financing assistance to a prospective buyer could be the fastest way to sell your home so that you do not have to wait too long. However, there are risks associated with this transaction, so you are expected to make the necessary review of the buyer’s personal background which includes financial background, credit score and others. You should also ensure that the purchase contract is very carefully prepared, including the details of the owner-financing loan. Lastly, the services of a real estate attorney will be very helpful in this case. It is worth the time, money and effort you will spend.

Todd Hawker is a Colorado Springs real estate broker and agent and the owner of Action Team Realty. With nearly 30 years of experience buying and selling homes in the Colorado Springs area.

What Do Finance Assistant Jobs Cover?

Finance assistant jobs cover a broad category of different careers. There are folks that work under this category that assist the book keeper of a small business, than there are folks that work as assistant accountants in very large firms, and it seems that there are positions every where in between the two extremes that work under this category.

Some folks are simply great with numbers. They love working with numbers and thrive in any job that has to do anything at all with numbers. This folks are the perfect personality types to work in any of the finance assistant jobs.

Banks

Banks are composed of much more than a place to stick money. They offer many financial products. They offer loans, investment options and of course a place to put your money.

Many banks have positions for financial officers, these are the folks that make the loan decisions and provide the customers with a host of investment vehicles.

Banks employ many different people in many different types of positions. Some of these positions fall under the heading of finance assistant jobs. The job duties may vary in these positions but they are very much finance assistant jobs.

The duties may include things as simple as making copies, to actually interacting with customers and helping them to fill out loan application forms. Very rarely are these positions, positions of power. They are usually to assist the person in power.

Brokerage Houses

Brokerage firms or brokerage houses provide investors with different investment vehicles. These firms have slew of finance assistant jobs available. The folks in these positions largely work to assist the broker with their daily work loads. The duties will vary greatly and will range from simple administrative tasks to compiling very detailed reports.

Working in a brokerage house as an assistant is probably one of the most lucrative paying place to work for this career category, only because when the firm does well typically all the employees do well. Most firms like these have profit sharing options in place, which can be a really great perk.

There are many other places where you can find these positions. Typically some formal education is preferred but there is not any licensure involved. The more education you have the better the chance is that you will be paid a higher salary. Finance assistant jobs offer a great opportunity at a lucrative career in finance.