


Recent Insights.

5 May 2020
10 Tips to lead your business through change
SME’s are the backbone of the Australian economy, and the last few years have especially forced business leaders to think creatively and become more innovative and proactive in the way they deliver their services. Here are 10 practical tips that will help you lead your business through change: 1. Be opportunistic This is a great time to look at your business model and how you’re engaging with your customers. Are there any opportunities within your current product offering to explore new service delivery methods? 2. Balance is key Use your financials to help plan and manage your business cash flow....

5 May 2020
The Humma 55T Crane: The new standard
Humma Cranes: 55T – the new standard Founded in 1971, DRA’s first business was a site abrasive blast cleaning and coating company servicing the chemical, oil and petrochemical industries. In 1996 Construct Engineering, a division of DRA noticed a gap in the heavy engineering maintenance sector which led to the launch of the Humma pick and carry crane project. As the pick and carry crane market evolved, so too did the design and quality of the cranes available. Fast forward to 2020 and there is now five different Humma cranes including an 18, 20, 25, 35 and more recently the...

7 April 2020
Why you should purchase equipment now?
In these uncertain times, there is one certainty – that the initial economic shock of COVID-19 will eventually pass. The immediate natural human response to any threat is to retreat and bunker down, and that is even more true when the Government’s guidelines reinforce that. However, even though we are socially distancing ourselves and staying home where possible, this doesn’t mean everything needs to stop. In fact, some business leaders are already planning to position their companies ahead of the competition when the shock dissipates. Some business owners are exploring strategic upgrades to their equipment (new trucks, new cranes, etc.),...

7 April 2020
$250k Assistance Loan: What you need to know
Banks have provided more direction around the information that is required for a business to receive an assistance loan. A key point made by banks is that to receive this loan, the business must meet the bank’s assessment criteria. The eligibility and credit criteria Small and medium-sized businesses with a turnover of less than $50 million Available for new lending only from 6 April 2020, approved by 30 September 2020 The business must be based, registered and operating in Australia The loan must only be used to support your current and upcoming business cash flow requirements, including working capital; liquidity;...

19 March 2020
Ledge’s recap of the 2020 AOG expo

13 March 2020
Support for small businesses impacted by COVID-19
With this ever-changing and evolving environment, we are ensuring we stay across the various measures put in place. If you require any further information or assistance on the below, please get in touch with your Ledge Finance Executive directly, or contact our offices here, and we will do all we can to support you through this. On this page What is a “Small Business”? RBA $90-billion Term Funding Facility Financial Institutions Support Measures for SME’s SME $250k Unsecured Loan Billion Dollar Stimulus Package to Boost the Economy Support for Business Investment Increasing the instant asset write-off Investment Incentive – Tax...

6 March 2020
Day 1 at the WA Major Projects Conference 2020
Ledge attended day 1 at the 11th Annual WA Major Projects Conference 2020 and what an informative day it was. The conference condenses the array of upcoming WA infrastructure projects, providing valuable market intel. In this article, we summarise a selection of the presentations, including: Warren Harris, Project Director Eliwana, Fortescue Metals Group on Eliwana’s Iron Ore Mine and Rail Projects Anthony Kannis, Project Director, METRONET on Perth’s Most Ambitious Public Transport Program Frank Marra, Chief Executive, DevelopmentWA on Subi East: Creating a City Village Rebecca Brown, Director General, Department of Jobs, Tourism, Science and Innovation on Preparing for The...

3 March 2020
Effective business growth strategies for your business
Growing your business doesn’t happen overnight. In fact, there are many factors that come into play when formulating an effective business growth strategy. The success of your strategy is what will drive your business to not only be a dominant player in your market, but to continue growing. Business growth strategies for your business Business growth strategies will vary from business to business, however the main principles remain the same. Igor Ansoff, also known as the “father of strategic management,” defined these principles in 1957, all of which are still used as reference points for many businesses to this day....

3 March 2020
Supply Chain Finance: A Timeline of Events
In recent months, various media outlets have shown significant interest in the prolific rise of Supply Chain Finance (SCF) and the impact these facilities have on small businesses. In this article, we will explore a timeline of events which occurred over the past year from; companies being accused of “bullying” smaller contractors, to the views of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell. Supply Chain Finance – The Facility in More Detail Before we start, let’s take a quick look at SCF… SCF, or ‘reverse-factoring’, is a type of working capital facility provided by specialist financiers...