It’s an exciting time for start ups and new business in Australia. 2017 promises plenty of interest in platforms for video and mobile, connected homes and wearable tech. Along with this encouraging start up environment comes a unique opportunity for brokers to help support and foster great ideas through start up business loans in Australia.
Greater resources and greater incentive
There has never been more support for start up businesses in this country. There are currently over 30 start up incubators and accelerators across Australia that are helping to provide the networks, mentorship and resources that start ups need to succeed and thrive in a fast-paced and innovative space.
The new Corporations Amendment (Crowd-sourced Funding) Bill 2016 now allows unlisted public companies with less than $25 million in assets and annual turnover to raise up to $5 million through crowdfunding platforms, further expanding their financing options.
Tax incentives have been announced for investors to boost start up finance options too, with a 20% non-refundable carry-forward tax offset on investment and a 10 year capital gains tax exemption for qualifying investments held for at least twelve months.
Where brokers come into the picture
For all of these resources and financing opportunities, there are still many times that a start up will require a short-term boost of cash flow. The very nature of most start up businesses mean that they must be agile, responsive and proactive in regards to market demand. They need to be able to launch, refine and restock products at a moment’s notice, and that’s where small business start up loans and loan brokers come into play.
Brokers possess the networks and knowledge to foster creative and innovative new businesses, and play a crucial role in the success of Australia’s start up ecosystem. While lenders can sometimes be often wary of new business and start up financing due to the perception of high risk, many new business owners will have home or related business equity to put up for the six or twelve months they require extra short-term capital for.
How Interim Finance can help brokers
We are here to help you find the perfect start up business loans in Australia for your clients.
If you choose, we can source and manage suitable short term loans on your behalf without any impact on your commission. Contact the team at Interim Finance today and speak to a small business start up loans specialist.