We start our first newsletter this year with a look at how banks evaluate your business risk when assessing your loan application. We also discuss financial literacy - an important ingredient in your recipe for the growth of your business.
There is an informative article on how your super contributions and withdrawals are taxed and we finish with some great recipies for your summer barbeques.
We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on (02) 8999 1030 or email brett.miller@nsacc.com.au.
Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you.
More than most, small business owners are responsible for ‘knowing their numbers’. But what happens when financial literacy is variable across the board?