Latest Insights
Practical finance insights for Western Australian business owners, from the brokers at Southshore Finance. With 40 years in commercial lending behind us, we break down the things that actually affect your borrowing - business loans, equipment and property finance, working capital, and specialist pharmacy and healthcare funding. Browse the latest articles below, or get in touch to talk through your own situation.
Business Loan Declined in WA? 5 Reasons and How to Reapply
Getting a business loan declined hurts – especially when you’ve got plans to grow your business or bills to cover. But it doesn’t have to be final. For many WA businesses, rejected loan applications are more about presentation or timing than viability. With some...
How To Get A Business Loan In Perth
Regardless of whether you’re expanding an established SME, launching a startup, or acquiring an existing business, navigating business finance in Perth can be challenging. The variety of financing options and requirements often leaves business owners unsure...
The Real Cost of Getting a WA Pharmacy Purchase to Settlement
In short: Getting a WA pharmacy purchase to settlement costs more than the price on the contract. You need to qualify as an owner under WA’s ownership rules, register the premises, get Board and federal approval to supply PBS medicines, and fund legal, financial...
Buying a Pharmacy: What It Costs to Run from Day One
In short: The purchase price gets you to settlement, it doesn’t run the pharmacy afterward. Working capital to cover the gap between paying for stock and being reimbursed, ongoing stock funding, wages, deferred maintenance on the fit-out, and the loan repayments...
Business Loan Declined Due to Cash Flow? What Perth Lenders Look For
“Insufficient cash flow” is one of the most common reasons we see a business loan application declined, and it comes up regularly with Perth businesses applying for commercial finance. The phrase itself tells you very little, which is the frustrating part. Behind it...
Business Loan Declined Due to Lack of Security? Here’s How to Fix It
If your business loan was declined due to lack of security, you’re not alone and it doesn’t mean your business isn’t viable. Security-related declines are among the most fixable issues in commercial lending. The key is understanding exactly what the...
Business Loan Declined Due to a Weak or Missing Business Plan? Here’s How to Fix It
One of the most common reasons a business loan is declined is due to an incomplete or unclear business plan and it is a pattern we see regularly with Perth business owners applying for their first commercial loan. When a business plan lacks detail, lenders are simply...
Business Loan Declined Due to High Existing Debt? Here’s How to Fix the Structure
What if your business is performing well and you’re ready to take the next step, including buying new equipment, expanding your premises, or a working capital boost to capitalise on a pipeline opportunity? You apply for a business loan, but the lender comes back...