Positive Lending Solutions Information Centre

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Getting a Commercial Loan at Low Interest

Getting a Commercial Loan at Low Interest

When shopping around for a commercial loan, it's important to compare loan terms and all fees before finally taking out one. Some may have a low interest rate but plenty of hidden fees that add up to the total cost of your loan. There are tricks that can help lower down the total cost of your loan. Read on to find out.

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How to Build Your Savings After a Splurge

How to Build Your Savings After a Splurge

It is essential to build your savings after splurging to prevent any financial damage from snowballing and secure your financial future. The sooner you acknowledge the money loss and create an action plan, the sooner you can recover and get your finances back on track.

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5 Tips on Applying for a Small Business Loan

5 Tips on Applying for a Small Business Loan

A small business loan can help increase your working capital, cover cash flow gaps and support your business growth and expansion. It’s essential to build good credit scores and present a detailed financial plan to increase your chances of approval. Providing collateral can also raise the odds, especially if your credit scores are not that impressive.

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5 Habits That Depreciate the Value of Your Car

5 Habits That Depreciate the Value of Your Car

Every car is subject to depreciation. However, it can be slowed down with proper vehicle maintenance and preventive measures. If you’re planning to sell your car for a good price in the future, avoid these five habits.

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How a Chattel Mortgage Benefits Small Businesses

How a Chattel Mortgage Benefits Small Businesses

Small businesses that need a vehicle but operate on tight cash flow can take advantage of a chattel mortgage. This type of secured loan allows businesses to tailor loan repayments according to their financial position and provides many tax benefits.

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Money-Saving Tips for Shopaholics

Money-Saving Tips for Shopaholics

Do you find it hard to build your savings account as a shopaholic? With a little self-control and a few shopping tricks, you can save money without restricting yourself from buying stuff.

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Buying a Car at the End Of Financial Year Car Sales

Buying a Car at the End Of Financial Year Car Sales

One of the best times to buy a car in Australia is at the end of financial year. During this period, many car manufacturers and dealers put up the slow-selling vehicles and old stocks on sale to make room for new models. Car buyers can also negotiate a better price with salespeople who are eager to close deals and hit their yearly targets before the new financial year begins.

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Instant Tax Write-Off: What Is It and How Can It Help SMEs?

Instant Tax Write-Off: What Is It and How Can It Help SMEs?

Small and medium-sized businesses in Australia can now enjoy a higher tax deduction on their asset purchases. The federal government has expanded eligibility to medium-sized businesses with a turnover cap of $50 million. Also, the threshold amount that can be claimed is now $30,000 for assets acquired between 2 April and before 1 July 2020.

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Tips for a Successful Cash Diet

Tips for a Successful Cash Diet

If your spending habit is getting out of control and your credit card debt is ballooning, going on a cash diet is beneficial. Working like a “financial detox”, it involves the exclusive use of physical money for spending, keeping debit and credit cards away as you try to take control of your finances and build a healthier bank account.

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How to Reconcile a Bank Statement

How to Reconcile a Bank Statement

Bank reconciliation is the process of comparing your internal financial records against the records in the bank statements. It helps safeguard your bank account against any erroneous bank charges, unauthorized withdrawals and fraudulent payments, which can cause poor bank conduct and bad credit score.

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Top 5 Reasons to Reconcile Your Bank Statements

Top 5 Reasons to Reconcile Your Bank Statements

Going through your monthly bank statements may seem like a mundane task, but it is important to keep your financial health in check. Bank reconciliation can help you verify cash flow, catch fraud, detect bank errors, rectify accounting errors and save money.

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Self-employed Loans for Tradies

Self-employed Loans for Tradies

Gone are the days when independent tradies struggle to seek financing to support or grow their business because they do not have payslips as proof of income. Today, there are many lenders who offer secured and unsecured loans for self-employed individuals.

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5 Life Hacks to Save Money While Living the Good Life

5 Life Hacks to Save Money While Living the Good Life

Utility bills, mortgage, groceries, bags and shoes...Sometimes it’s tough to set aside money for future needs when you have a lot of bills to pay and stuff to buy. Check out these money-saving hacks to help you reach your financial goals.

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8 Reasons to Make a Shopping List

8 Reasons to Make a Shopping List

Making a shopping list is useful for many reasons. Aside from helping you save money and avoid impulse buying, it also allows you to spend time and energy wisely, improves your memory and supports your healthy weight loss plan.

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How Bank Statements Affect Your Loan Qualification

How Bank Statements Affect Your Loan Qualification

Lenders often require your latest bank statements when applying for loans. These records of your banking transactions are vital in assessing your financial position, money management skill and repayment capability.

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Finding Balance Between Saving And Splurging

Finding Balance Between Saving And Splurging

Are you more of a saver who’s missing out on life or a spender who cannot handle finances? To secure your financial future while enjoying the basic necessities and a few luxuries of life, it’s important to find the middle ground between saving and splurging.

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How the 50/30/20 Budgeting Rule Can Help You Save Money

How the 50/30/20 Budgeting Rule Can Help You Save Money

The 50/30/20 rule is a budgeting method popularized by US senator and bankruptcy expert Elizabeth Warren. It involves allocating 50% of your income to “needs”, 30% to “wants” or non-essentials, and 20% to savings and other financial goals. Aside from helping you save money, this strategy can also help you reevaluate your budget.

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7 Ways to Save More as a Tradie

7 Ways to Save More as a Tradie

There's more to making your fortune in skilled trade than just working long hours or taking on too many jobs. Saving money is also essential to building wealth. A few simple money-saving habits can effectively help you achieve your financial goals.

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What Aussies Need to Know About Tesla Model 3

What Aussies Need to Know About Tesla Model 3

The long-awaited Tesla Model 3 is coming to Australia this winter. Excited much? Knowing the car’s specs, features and price is a must for interested buyers. Here’s what you need to know about the less expensive all-electric sedan.

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Top Loans for Tradies

Top Loans for Tradies

Loans help tradies buy new tools and equipment, upgrade their utility vehicle and increase their working capital without using their own savings. These types of financing are easy to get with low-interest rates and flexible payment terms that are customized to fit every tradie’s circumstances and needs.

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3 Tips You've Never Heard Of to Look After Your Tools Better

3 Tips You've Never Heard Of to Look After Your Tools Better

As a tradie, your tools are as precious and mighty important to you as your skills. Without them, you can’t work and make a living. Imagine how devastating it would be to find out that your tools and equipment, bought and collected through years of hard work, were stolen. Learn these tech-savvy tips you’ve probably never heard of to look after your tools better.

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