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Top 10 tips for end of financial year

11 April

As the end of the financial year approaches in 2024, it’s important for businesses to start thinking about their tax obligations and financial strategies. Here are the top ten tips to help you make the most of the 2024 end of financial year:   1. Review your financial statements Take a close look at your […]

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Media Release: Top 5 reasons why SMEs will fall short of 2022 revenue targets

29 July

Hiring challenges and staff shortages have been identified as the major roadblock to small and medium enterprises (SMEs) reaching their revenue targets in 2022. According to the latest round of the SME Growth Index report by Australia’s leading non-bank business lender, ScotPac, just under half of the 700 plus SMEs surveyed (46%) are on track […]

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Media Release: Wage rises top list of cost concerns for small business

17 June

Rising wage inflation is the top concern for small business with over 70% of SMEs worried about increased wage costs impacting their business this year. According to the latest round of the SME Growth Index by Australia’s leading non-bank business lender, ScotPac, 75% of larger SMEs (revenue between $5 – $20 million) are worried about […]

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Top reasons SMEs run out of cash

12 March

Even brilliant entrepreneurs struggle with cashflow, particularly when they are just getting started. As a leading global cashflow solutions provider, we see many companies struggling to smooth out their cashflows and have a reliable level of working capital. Here are the five most common problems they help small businesses solve: 1. Rapid Growth. Companies that […]

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Top Tips for Managing Seasonality

12 March

For many people, the summer season is a time to relax and enjoy the long summer days, lazy evenings and a chance to take a long relaxing holiday. However, the reality for many small business owners and managers can be a world apart, especially for those whose busy period falls in the summer months. Seasonal […]

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Top Mistakes to Avoid When Using a Business Line of Credit

12 November

In ScotPac’s SME Growth Index from the end of 2024, we included a remarkable outcome of our research: 94% of small and medium sized enterprises in Australia required new business funding in the next six months. In our more recent SME Growth Index from April 2025, we noted that well over half of all SMEs […]

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MEDIA RELEASE: Wage inflation and Energy Bills Top SME Cost Concerns

28 October

Australia’s small and medium-sized enterprises (SMEs) are still feeling the squeeze of rising costs, with business owners citing wage inflation (82%) and electricity pricing (49%) as their biggest financial pain points.   The key findings – contained in the latest edition of ScotPac’s bi-annual SME Growth Index Report – followed a 3.5% increase in national […]

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Top Considerations When Planning for Business Expansion

25 August

If you’re considering expanding your business, you might feel both excited and nervous. The opportunity to grow your company to new levels of success is certainly an exciting prospect, but it is also not a decision to be made lightly and without due thought. By planning carefully, you’ll be able to ensure as smooth a […]

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