Session seeks to help brokers understand SME cashflow needs
Are you a finance broker or a small business owner grappling with cashflow management? Banjo Loans’ free webinar could provide the solutions you need.
Titled “Navigating Cashflow Management,” the webinar will be hosted by the non-bank lender tomorrow, Aug. 22, at 11am and feature insights from Banjo’s head of sales Nick Rogers (pictured above), senior credit officer Jane Martini, and credit officer Danny Jin. The session aims to equip attendees with practical strategies to enhance the financial health of SMEs.
Rogers stated that the webinar would offer valuable guidance for both brokers and their clients, as 87% of Australian small and medium-sized enterprises (SMEs) have reported experiencing cashflow issues over the past year.
“Navigating cashflow can be challenging for SMEs, but with the right strategies and support from a knowledgeable broker, it can be effectively managed,” he said.
He added that the session would not only help brokers understand the cashflow needs of SMEs but also provide advice that could be applied to their own businesses.
“Brokers may also find the webinar helpful themselves because a lot of the practical advice we will be going through can be applied to their own businesses,” Rogers said.
Finance brokers and SMEs can register for the webinar on the Banjo Loans website.
The webinar will cover identifying triggers for funding and anticipating financial fluctuations for future growth. It will also explore techniques to monitor and control expenses to improve the bottom line of SMEs, along with various financing solutions that can provide support during cashflow challenges. In addition, the importance of a well-managed cashflow forecast in predicting a business’s financial future will be discussed.
“We want brokers to walk away from the webinar with key questions they can ask their SME clients, helping them address their cashflow needs effectively,” Rogers said.
He highlighted the rising tax liabilities among SMEs as evidence of the need for better cashflow management.
“The doubling of tax owed by SMEs in the past five years, largely due to poor cashflow management related to BAS and super payments, underscores the need for greater understanding in this area,” he said.
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