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2006 was a difficult year brought about by high fuel prices and interest rate hikes. However, the latest D&B National Business Expectations Survey says 2007 is looking up.
· The outlook is for growth in sales for the first time in four quarters.
· Business executives anticipate higher selling prices in the June quarter than the same time last year.
· Year to date profits have increased yet remain in a negative position due to weaker margins.
It was reported that improved sales and profits should help to boost confidence towards the end of the financial year. Balancing the increase in sales could be higher fuel prices. In fact, the survey revealed that business executives expect fuel prices to be the biggest influence on their operations this year. This was ahead of wages growth and interest rates.
Jon Howie, Director of Commerce Credit, believes that after weathering a rough patch in 2006, small business activity will rebound strongly in 2007. “We have seen a recent uplift in enquiry from small businesses looking to fund growth” says Jon. “Along with any increase in sales, comes the inevitable squeeze as businesses juggle cash-flow”.
As a result Commerce Credit has witnessed increased levels of enquiry for access to short term business loans and line-of-credit facilities. It would appear that the majority of the applications are from small and medium business feeling the strain, in need of flexible finance with a quick turn around.
Many business owners seem to find borrowing money difficult and stressful time, but with over five year’s industry experience providing finance to small business, there is no scenario we haven’t seen! Commerce Credit is a specialist small business finance provider. We can assist with a range of flexible finance options, tailored to suit most business lending needs.
So pick up the phone and call 1300 166 639 to find out what we can do for you.
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