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Business Financing - Making Smart Borrowing Decisions | i.O. Insolvency Options
Are you making smart borrowing decisions for your business? In this essential episode, Darren Vardy examines the true cost of business financing and reveals why easy-access loans can trap struggling businesses. Learn the difference between borrowing for growth versus borrowing to pay old debts, and discover how to identify the root causes of cash flow problems before seeking finance. Understand when equipment leasing makes sense, how to compare financing options, and why the interest rate you pay can be the difference between profit and loss.
KEY TOPICS COVERED:• The true cost of FinTech and high-interest business loans • Comparing financing options: mortgages, equipment finance, and unsecured loans • Interest rates and their impact on profitability • Borrowing for expansion versus retiring old debt • Identifying root causes of cash flow problems • When short-term financing is appropriate • Equipment financing versus rental decisions • Warning signs of borrowing to cover operational losses • The importance of understanding your break-even position
KEY TAKEAWAYS:✓ High-interest FinTech loans (20%+ per annum) can be significantly more expensive than traditional financing ✓ Mortgage finance (around 6%) is typically the cheapest option if equity is available ✓ Borrowing to pay old debts doesn't solve underlying cash flow problems ✓ Understanding why you need cash is more important than accessing it quickly ✓ Equipment rental may be more cost-effective than financing for short-term projects ✓ The useful life of equipment and repair costs must factor into financing decisions ✓ Borrowing for salaries and suppliers is a warning sign of poor cash flow management
Who Should Listen: Business owners, company directors, lawyers, accountants, and anyone wanting to understand financial distress warning signs.
About the Host:Darren Vardy - Managing Director of Insolvency Options and Registered Liquidator with over 30 years of experience in business recovery and debt solutions. Darren has helped thousands of businesses and individuals navigate financial distress and find practical solutions to complex problems.
• Website: insolvencyoptions.com.au • Phone: 1800 463 328 • LinkedIn: https://www.linkedin.com/in/darrenvardy/
Subscribe & Follow:Don't miss future episodes! Subscribe to i.O. - Insolvency Options
Like this episode? Please leave a review and share with colleagues who might benefit from these insights.
Co-host: Anthony Perl
Produced by: Podcasts Done For You
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By Darren VardyAre you making smart borrowing decisions for your business? In this essential episode, Darren Vardy examines the true cost of business financing and reveals why easy-access loans can trap struggling businesses. Learn the difference between borrowing for growth versus borrowing to pay old debts, and discover how to identify the root causes of cash flow problems before seeking finance. Understand when equipment leasing makes sense, how to compare financing options, and why the interest rate you pay can be the difference between profit and loss.
KEY TOPICS COVERED:• The true cost of FinTech and high-interest business loans • Comparing financing options: mortgages, equipment finance, and unsecured loans • Interest rates and their impact on profitability • Borrowing for expansion versus retiring old debt • Identifying root causes of cash flow problems • When short-term financing is appropriate • Equipment financing versus rental decisions • Warning signs of borrowing to cover operational losses • The importance of understanding your break-even position
KEY TAKEAWAYS:✓ High-interest FinTech loans (20%+ per annum) can be significantly more expensive than traditional financing ✓ Mortgage finance (around 6%) is typically the cheapest option if equity is available ✓ Borrowing to pay old debts doesn't solve underlying cash flow problems ✓ Understanding why you need cash is more important than accessing it quickly ✓ Equipment rental may be more cost-effective than financing for short-term projects ✓ The useful life of equipment and repair costs must factor into financing decisions ✓ Borrowing for salaries and suppliers is a warning sign of poor cash flow management
Who Should Listen: Business owners, company directors, lawyers, accountants, and anyone wanting to understand financial distress warning signs.
About the Host:Darren Vardy - Managing Director of Insolvency Options and Registered Liquidator with over 30 years of experience in business recovery and debt solutions. Darren has helped thousands of businesses and individuals navigate financial distress and find practical solutions to complex problems.
• Website: insolvencyoptions.com.au • Phone: 1800 463 328 • LinkedIn: https://www.linkedin.com/in/darrenvardy/
Subscribe & Follow:Don't miss future episodes! Subscribe to i.O. - Insolvency Options
Like this episode? Please leave a review and share with colleagues who might benefit from these insights.
Co-host: Anthony Perl
Produced by: Podcasts Done For You