Business

Business

What is overdrafting and how can it help your business?

Cashflow is a key concern for any business, but small to medium-sized enterprises are often hardest hit when debtors and customers fail to settle their bills in a timely manner.

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Is it better to buy or rent a small business premises?

One of the biggest decisions to make as a small business owner is the premises you'll be using.

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Four ways a business loan could help a business grow

seek some clarity on some commonly held financial beliefs

According to Dun & Bradstreet, Australian businesses are confident with the state of the economy and their prospects over the coming year. Figures show 60 percent of organisations are more optimistic about growth this year than in 2016, with capital investment expectations climbing to two-year highs1. Further, market research firm Sensis revealed that sentiment among small and medium-sized businesses was at its highest point in six years2

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How to find an accountant to help with your small business finances

Owning and running a small business can be a relentless endeavour – with things moving at a million miles an hour, owners can sometimes make decisions on a whim due to a lack of time. This is where a certified accountant can help with the financial management of your small business.

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An EOFY tip sheet for small business

As this financial year comes to a close, most small business owners will have their sights set on how to improve their performance over the next 12 months. Now is a busy time for businesses, so it pays to be extra careful with your bookkeeping, accounting and forward-planning activities. We've compiled a checklist to help your organisation get ready in the run up to the new financial year (FY).

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A business banking borrowing walkthrough

A guide to small business borrowing

There are many businesses all around Australia that are in growth mode.

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How to apply for a business loan

Is it time for you to apply for a business loan? There may be a few things to check off the list beforehand. You may need to come prepared for the meeting with your lender, and that can require some research and understanding of your own finances. If you come prepared and confident, it may make all the difference.

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Gross profit and your business: What does it mean?

If you run your own small business, you will have come across a number of different ways of evaluating your profitability. One such method is gross profit, and gross profit margins. While they may not be the only figures you are using to check the health of your enterprise, they may still be important.

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A quick guide to fixed costs for small businesses

If you’re running a small business, fixed costs are likely to form part of your budgeting commitments and can play an important part in your overall business plan. However, you may find that your business has different fixed costs to others, but also finances them in different ways. Let's take a closer look at what fixed costs are and how you might be able to deal with them efficiently.

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A guide to managing your cash-flow

Cash flow can be a constant concern for any business manager. Whether you own a grocery store or are a self-employed tradesperson, cash flow might dictate your success and failure. Often, failure to manage cash-flow properly was an identified cause of business insolvencies from 2014 to 20151.

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Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 138 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

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