SubscribeSmall Business – Getting a Bank Loan
Would you get a Bank Loan if you had no way of repaying the debt?
As a small business owner in Ormeau, Yatala, Beenleigh or Coomera, what response would you get from the Bank when you asked them for a loan with absolutely no plan to pay the debt back?
As freelance bookkeepers servicing the northern end of the Gold Coast, we are often asked to get the bookwork upto date for small business owners. Preparing the Profit and Loss Reports, ensuring the balance sheet is correct, so that the small business owner can seek extra capital to develop their business. Contact us for more information
If you have no plan, if you cannot prepare a budget to show how the debt will be repaid, what are the chances of you getting finance from the bank?
The Federal Government’s monetary policy has been totally misunderstood
Obviously the situation is very different when you run the country. You can stand up in Parliament in Canberra, with a majority of “yes men” behind you, and share your monetary policy with the nation.
To give Kevin Rudd full benefit, we should point out that the Federal Government’s monetary policy has been totally misunderstood. How silly of us not to realize that in fact it’s a “money-tree” policy.
Rudd, and Swann seem to have a money tree in their back yard, and at the sniff of any trouble they can turn to their money-tree policy and throw the country into more debt.
Everybody is wondering how effective Government’s $10.4 billion spending package before Christmas has been!
Many economists predict that the recession has a long way to go. So the Rudd Labor Government reckons the best way out of this situation is to spend money that he hasn’t got – Is that how his family have amassed a $millions fortune?
For those small business owners that can remember the previous “Recession we had to have”, you’ll know that the previous Labour Government left a legacy of $96 billion in government debt and the Budget had been in deficit for six successive years.
It only took the Australian people a decade to repay this debt (after selling off much of the family jewels in commodities.
According to the Kevin Rudd, the simple solution to Australia’s current problems is to demand that all us hard working Australians to agree to plunge headlong back into large deficits and significant debt, to the tune of $9500 for every Australian.
Well, they say”: If you’ve got it, flaunt it!” If you don’t have it, and you happen to run a country, then just create it! The Labour Government’s Money-Tree policy seems to be to throw Australia deeper into debt with a poorly considered and ineffective $42 billion “fiscal stimulus” package.
Meanwhile Malcolm Turnbull (who’s always quick to look for an opportunity to improve his popularity) is pushing for the Australian Government to bring forward the proposed tax cuts currently scheduled for 1 July 2009 and 1 July 2010 be brought forward, and backdated to 1 January this year.
By the middle of 2010 this would leave a two-income household earning $80,000 approximately $1700 better off.
As a hard working Australian, and small business owner, you must have a real “warm and fuzzy” feeling knowing that your taxes are being so wisely invested while you struggle to make ends meet.
