Credit Group

➡️ Equipment Finance

We can arrange funding for a wide range of equipment, including:
- Earthmoving & Construction
- Manufacturing & Machinery
- Trucks, Trailers & Caravans.

➡️ Great Online Offers!
Check out our great deals today!
https://www.creditgroup.com.au/Drive-Away-Offers

➡️ Government’s 17.6 Billion Economic Stimulus Package

The Morrison Government has just announced a multi-billion-dollar stimulus package to support the economy in response to the coronavirus crisis. The targeted stimulus package is designed to keep Australians in jobs and help small to medium sized businesses to stay in business.

➡️ Instant asset write-off for businesses with
- turnovers of less than $500 million
- and eligible assets costing less than
$150,000

Current concession is for businesses with
- turnovers of less than $50 million
- and for eligible assets costing less than $30,000.

The asset must also be purchased and first used (or installed ready-for-use) between 12 March 2020 and 30 June 2020.*

* Immediate tax deduction should be available for all depreciating assets excluding assets expected to be leased out, assets allocated to a low-value asset pool, horticultural plants, software allocated to a software development pool and capital works.

➡️ Additional 50% immediate tax deduction
for businesses with turnovers of less than $500 million

Businesses with turnovers of less than $500 million will also be able to claim an additional immediate tax deduction of 50% of the cost of assets purchased between 12 March 2020 and 30 June 2020. This is on top of the normal tax depreciation deduction the business would be entitled to (including the instant asset write-off explained above).

For the full Media Release, please see https://www.pm.gov.au/media/economic-stimulus-package.

Sounds like something you would be interested in?

Give me a call to discuss the best solution for you and your business.

Jody Henshaw
Business Relationship Manager
Credit Group Australia P/L
Mobile: 0423 466 330

Economic Stimulus Package | Prime Minister of Australia The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus. Our targeted stimulus packag...

The Team from Credit Group Australia wishes
you and your loved ones a very Merry Christmas 🎅🎄
and all the Best for 2020! 🎉🍀

Our offices will be closed from Fri, 20 Dec 2019 until Mon, 6 Jan 2020.

Looking forward to working with you in the New Year and we thank you for your continued support.

Anthony Bellanca
Business Credit Advisor

🕛💰🕛 New study reveals funding needs at EOY

A recent survey asked Aussie small businesses about how EOY and the holiday season affects them. It turns out 37% of them feel stressed because of the financial pressure EOY puts on their business.

Many (over 42%) haven’t even had a holiday in at least 12 months because they are worried about the effect on cash flow if they did.

So what can we do to help?

57% of respondents said funding would help their business at EOY but only 17% of those surveyed will proactively do anything about it.

SMALL BUSINESS LOAN – a one-off lump sum:
- 6 week repayment pause - to use when you choose*
- Plus you go into the draw to win $6,000*

LINE OF CREDIT – ongoing access to funds:
- Pay $0 line activation fee if you open and draw down by 31 Dec 2019*
- Plus you go into the draw to win $6,000*

The survey revealed the most common reason small businesses seek additional funds is to support cash flow (40%) – but stock, new machinery and renovation also featured highly.

Sounds like something you would be interested in?

Give me a call to discuss the best solution for you and your business.

Jody Henshaw
Business Relationship Manager
Mobile: 0423 466 330

* Contact us for terms & conditions and eligibility criteria. Standard credit approval criteria, fees, terms and conditions apply.