BusinessesForSale.com's latest survey seeks to find out what the best source of financing is to buy a business in Australia. Find out what over 50 business buyers say. LONDON, March 8, 2023 /PRNewswire/ With rising interest rates, bank reluctance to lend, and overall tightening on finances and household budgets, it's fair to assume that buying a business would be an insurmountable task right now. However, over 50 business buyers currently in the process of buying a business report differently in BusinessesForSale.com's latest survey. Australian business buyers are savvy, with most using a combination of sources to fund the business purchase. This includes releasing equity in their homes, using savings, using superannuation, the disposal of any surplus assets, and using more traditional methods such as bank loans as a last resort. Here is a deeper analysis from the survey: Cash is king With most participants buying or looking to buy a business between $100,000 - $1 million
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December 14, 2020 11:00 AM Sean Pyles
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NerdWallet
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.
This week’s episode starts with a discussion of the $300 tax deduction for charitable contributions made in 2020, and how to make your donations go further.
Then we pivot to this week’s question from Chris, who asks: “Should I empty my savings account and pay off most of my student loan debt before the 0% interest period from the CARES Act expires in January? Or should I just pay it off in monthly installments? My naive, idealist thinking is making me worried that the Biden administration may dissolve some student debt, and I would have lost some money if I pay off the loans.”