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150k Instant Asset Write-off

12/3/2020

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The devastating effects of the coronavirus pandemic are being felt around the globe, and governments are announcing big plans to mitigate the economical impact of the outbreak. The latest announcements from the Morrison government could offer an exceptionally bright light at the end of the tunnel for small and medium sized businesses, with the government confirming that the instant asset write-off scheme has been expanded.

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NO BANK DOES THAT - No B*nk features in GC Lyfe Magazine

11/3/2020

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NoB*nk. You need to remember this name, because it is a new way to both receive a loan and also invest in others. Curious to know how NoB*nk peer to peer works? 

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Finally a Finance Company That is Fighting For SME's

17/12/2019

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​The big banks in Australia – the Big Four – failed the SME’s. Bigtime.
Small and medium enterprises in Australia are the engine room of its economy. SME’s roughly employ 4.7 million people, producing one-third of the total GDP. It is an undeniable force that pushes the economy forward. Yet big banks have not supported SME’s much. In fact, the big banks have made it difficult for SME’s to borrow money despite being able to afford to roll out the loans. Apparently, SME’s proud history of boldly accelerating the economy doesn’t mean a thing to these big banking institutions.

When the big bank’s dirty laundry was exposed, instead of wooing SME’s, they ran in the opposite direction. The big banks tightened the noose some more by requiring extensive proof of income and creditworthiness. They have also squeezed the determinants in an SME’s borrowing capacity reducing available credit. SME’s in Australia find themselves in jeopardy of being shut down​

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No B*nk Is Doing What No Bank Can

17/12/2019

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These are the biggest banks in Australia, and they’re called the Big Four – Westpac Banking Corporation, National Australia Bank or NAB, Commonwealth Bank of Australia and Australia and New Zealand Banking Group. They hold the majority of all loans from mortgage borrowers as well as by the value of their total assets.​
​So now the question that begs to be asked: 
Does size matter? Is bigger ALWAYS better? 

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Finance Markets Shifts Towards Non-bank Lending

17/12/2019

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​The Great Recession: Its Effects on the Financial Market

Major bank corporations are under threat with the emergence of a hot, new alternative in the lending industry—non-banks. Back in 2007-08, more than a decade ago, major bank corporations suffered a huge blow in what is now known as the Global Financial Crisis. According to economists, the impact of the crisis is similar to the Great Depression of the 1930s. During this time, we witnessed the collapse of Lehman Brothers, one of the five largest banks in the US that relied on short-term financial sources to stay afloat until it eventually declared bankruptcy.

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The Rise of Public Lending

17/12/2019

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Australian banks and large mortgage firms have seen a pronounced decline in borrowing over the past year. Stricter regulations redefined the post-financial crisis landscape, traditional banks have cut back on loans increasing rejection rates. The result? A significant number of borrowers are now working with private lending sources. No B*nk is such a financial source. ​

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    Author

    Paul Boyd Skinner, Managing Director of No B*nk has spent his career over the last 16 years helping thousands of people and businesses secure non-bank lending.

    Paul's knowledge and experience is second to none when it comes to main stream lending alternatives.

    View my profile on LinkedIn

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We started No B*nk to help you get finance that doesn't cost an arm and a leg. We want to be the ones you can turn to when banks say no. We finance the people and businesses that banks won't. And above all else, we're just a bunch of real people, not some faceless corporation.

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Level 1, Brisbane Club Tower,
Suite 355 / 241 Adelaide Street,
Brisbane QLD 4000
​​1300 NO BNKS (66 2657)

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Suite 24 / 377 Kent Street,
Seabridge House, 
Sydney, NSW 2000
​​1300 NO BNKS (66 2657)

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​Broadbeach QLD 4218​
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