Seeder Finance Pty Ltd

Another great night at the Somerville Business Collective with over 30 other businesses local to Somerville attending.

Tonight we met at the beautiful TREAND at Baxter Valley Estate and enjoyed wine 🍷, food & company. If you haven't been to this local gem, time to go check it out!

If you're a Somerville based business and want to connect with other businesses in a casual setting on a monthly basis, hit me up and we'll connect you in.

🚨 17 days to go! 🚨

We're currently in the final stages of FY24 and bracing ourselves for the inevitable last minute requests that come this close to June 30.

A couple of tips for you:

1. Most lenders have cut off times of 4-5 days before June 30. After that, they can't guarantee you'll settle in this financial year. So if you're buying a new asset and want to claim it in FY24, get it done within the next 10 days to avoid the timing issue. NB: June 30 lands on a Sunday this year, so you'll lose 2 days in bank years. 🗓

2. Make any final payments to super well before EOFY. If it's not showing in your super account by June 30, you are unlikely to be able to claim it in FY24. 🚫

3. If you haven't already, see your accountant! They are flat chat at this time of year finalising tax planning. They will tell you what you can and can't do! 🧾

4. Have a cocktail 🍹 or frothy 🍺 ready for COB June 30. I know I will.

❗️ 4 WEEKS TO GO ❗️

Let me introduce you to Andrew. Accountant by day 🌞 Plumbing Retailer by night 🌒 Well, both during the day, just on different days.

🚽 Recently, he & Plumbed Retail business partner, Dan, needed to purchase some new vehicles to help them with their everyday business needs at the shop.

We were able to obtain finance for them based on their history, without financials, turning both vehicles around quickly (once the cars finally arrived in the country!) and they are now enjoying their new rides. 🛻🛻

With End of Financial Year upon us, if you have any tired vehicles or equipment in your fleet, now is the time to upgrade them. With tax incentives available for small businesses buying new assets, you may not only get that shiny new ride, but you may also receive some tax relief along the way. 💲

If you want to know how we can help your business get into that new piece of equipment in FY24, please reach out on 📱 0422 608 757 or [email protected].

Had a blast at this weekend.

We walk away truly inspired by the people we heard from and motivated to continue working towards creating a strong Real Estate Industry within Australia.

It was also great to connect with other like-minded individuals who have a passion for the industry, as well as reconnecting with others we haven't seen for a while.

We love the industry and are passionate about its success. Stay tuned for further updates on our involvement in the industry moving forward.

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AREC Day 1 done and dusted. Ryan Reynolds was the clear highlight amongst what was an incredible line up.

Thanks to for the last minute work last week so we could get some exposure in the conference workbook!

AREC Day 1 done and dusted. Ryan Reynolds was the clear highlight amongst what was an incredible line up.

Thanks to BAY print & design for the last minute work last week so we could get some exposure in the conference workbook!

🎉 Happy Mother's Day to the special women in our lives. Thank you for all you do and the way you shape us with your wisdom and your love.

👏 And a very special thank you to Kirsty, who is the backbone to all we do at Seeder Finance, both for the business and for our family. We love you and appreciate you! ♥️

🚨RBA RATE DECISION🚨

In welcome news for homeowners , the RBA has decided to hold the cash rate steady at 4.35% at today's board meeting.

Although inflation has been reducing, it has not been reducing as quickly as expected, leading to speculation that rates may hold or even increase in the back half of 2024 rather than decrease, which has been widely forecasted since late 2023.

Today's announcement brings certainty to homeowners in the short term, ahead of the Federal Budget announcement on May 14.

To understand what this announcement means for you and your family, reach out on 0422 608 757 or [email protected].

If you'd like to read the full statement, please head to:
https://www.rba.gov.au/media-releases/2024/mr-24-08.html

Statement by the Reserve Bank Board: Monetary Policy Decision | Media Releases At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.

🚨 58 DAYS TO GO! 🚨

That's right, only 58 days to go until End of Financial Year comes around again 😲

But that's no reason to panic 🤯 as there's still plenty of time to order that new vehicle or piece of equipment you've been needing, in order to take advantage of government incentives 💵

Despite not being as lucrative as the last few financial years, the ATO still has an instant asset write-off up to $20k for eligible businesses. You can read more here 👇

https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/small-business-support-20000-dollar-instant-asset-write-off

When you do find a vehicle, you need to consider whether you are paying cash or financing the purchase. That's where we come in 🙋‍♂️

We have a wide range of lenders at our fingertips, with many different policies, providing for many different solutions 📋 And many of them are easier than you may think.

📌 Reach out to discuss your options on 0422 608 757 or [email protected].

We're not big fans of spending money for the sake of spending money just to reduce tax; after all, it is still an expense you need to cover! But if you are needing that new piece of equipment for your business, then why not take advantage of the benefits available to you 🚜

In the meantime, enjoy a throwback to when we purchased our new car last year. We miss that new car smell... 😎

It is always humbling to be at the Somerville War Memorial for the dawn service. It is a morning of reflection, perspective and gratitude, shared with others in the community you may otherwise never connect with.

Thank you to every single person who has ever served this country to ensure that we have the freedoms we do today.

They shall grow not old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

Lest We Forget.

🌱 CREATED FOR A CAUSE 🌳

🔎 Did you know that Seeder Finance isn't just a finance broking business that was started by Trav & Kirst for family flexibility, lifestyle and a passion for seeing businesses succeed?

‼️ Newsflash! It wasn't.

🌏 Yes, these things were big contributors to why Seeder Finance was born. However, Trav & Kirst also have a deep passion to ensure that whatever they do has impact beyond their and their family's needs.

🙌 That is why whenever you settle a finance application with Seeder Finance, we donate 3% of all upfront commissions directly to one of 2 causes close to our heart:

🏨 Gateway Children's Fund: an organisation that works in the slums of Papua New Guinea to provide education, health & opportunity to those who need it most. https://www.childrensfund.org.au/

🛁 Orange Sky Australia: an organisation that positively connects communities with genuine conversation and mobile laundry and shower services across Australia. https://orangesky.org.au/

🥰We have personally seen the impact both these charities have on their communities, with Trav also spending time in PNG back in 2010, meeting with kids & families whose lives have been changed immeasurably through the Children's Fund. Look how young he was!! 👶

🫂 So next time you work with Seeder Finance, remember that you're not just supporting a local small business, you are supporting people in need both locally and internationally.

🚨 End of Financial Year Incoming! ⌚️

That's right, it feels like yesterday that we were talking about this last year, but here we are again, with only 75 days to go until EOFY 🤯

This means that it is time to start meeting your accountants to discuss tax planning and decide if there are any purchases you need to make in FY24 to reduce to your taxable income 💰

One of the most common ways to reduce your taxable income is by upgrading outdated vehicles or equipment within your business 🛻

The tax concessions available in FY24 aren't as large as FY23, but if you do need to upgrade any of that old equipment, now is the time to discuss that option with your accountant 🚚

Josh & his family are in the process of launching The Trusty Sparky, a residential electrical business based on the Mornington Peninsula ⚡️ It is has been a side business for many years and they're taking the plunge into full-time business ownership 🦺

Josh recently came to us to obtain finance on a used Hyundai iLoad. We were able to obtain same day approval and then settlement within 24 hours of finding the right vehicle. He now has piece of mind that he can be fully kitted out to go out on his own, whilst also taking full advantage of the ATO's tax concessions 👏

With generous lending policies available in the Asset & Equipment Finance market, you may find the process to be much easier than you think 😎

The best time to have a conversation is now so you can avoid the EOFY rush that inevitably occurs, and to ensure that the vehicle you are after can actually be in stock and ready for delivery 🚛

📱 Reach out to discuss your options on 0422 608 757 or [email protected].

📚 Here at Seeder Finance, we believe that ongoing education is key to any successful business. If you're not growing and learning, you're getting left behind.

So that's why when Terence from StrategiQ Business Growth invited us along to his Business Accelerator Workshop, we didn't hesitate to be a part of it 📖 We also brought along one of our clients who is about to start their own business to help set them up for early success 📇

The Accelerator Workshop was aimed at helping Builders & Trades understand how their decisions made today effect results tomorrow, with the ultimate goal of increasing profitability 📈

The workshop was being conducted in partnership with the Frankston City Council as part of their Think Local initiatives. The council should be applauded for their recent efforts in this space 👏

It as well attended and everyone walked away with at least 1 piece of gold they could implement into their business 🪙

Thanks to Terence & Council for this collaboration and we look forward to being part of future events!

🎉 CLIENT SHOUT OUT 🎊

Nothing gives us more satisfaction than seeing a client kicking goals and achieving their dreams 💪

This week we made the trek up to Bendigo to meet with Sarah, a client of ours who recently purchased Robe Bendigo, a boutique fashion & accessories store in Bendigo's historic Chancery Lane 💃

Sarah has been a customer of Robe for many years until mid-last year, when the opportunity came up to purchase the business and take it on as her own 🤩

We were able to help her secure the business in January this year, with Sarah becoming the proud owner of this beautiful boutique shop 🥳

If you are in Bendigo, it is well worth checking it out by heading halfway down Chancery Lane and immersing yourself in the store for a while 🙌

PS: If you have kids, never fear! They even have that covered. Whilst you're checking out which piece you're going to wear to that next family gathering, the rugrats can draw on the changeroom walls. I know mine sure did!👨‍👩‍👧‍👦

If you're not in Bendigo, head to the website and check out the goodies as well: https://robeontheinternet.com/

If you know a Sarah who wants to buy her own business, we'd love to be connected so we can help them do the same 🌱

Today we attended the REIV Conference in Melbourne, helping educate us on the current challenges, advancements and opportunities within the Real Estate industry. 🏠

During his tenure at Westpac, Trav spent many years working with Real Estate agents, helping them grow their agencies into strong, thriving businesses which in turn served their local communities. 🏘

Today's theme was "Getting Real" and throughout the day we explored culture, technology, leadership & inclusion. 🌈

We've walked away with a renewed passion for the industry and the way it can positively affect the communities it serves. 🏢

We'd love to get in touch with any agencies who have growth aspirations, so we can partner with them to help them achieve their goals. 🌱

🥳 APPRECIATION POST 🎉

At Seeder Finance 🌱, we love supporting local businesses and recently we've partnered with a few who have done such a great job that we reckon they need some public recognition:

WrapStudio for the great job you did on our car. We love the way you listened to what we were after and got it spot on, design and all. And it was so damn quick! ⏰️

BAY print & design for designing and printing the big green advertising board behind the car. Efficient, quick and professional. Made our lives so much easier. 👌

Nic Roberts for the headshots. We've admired your work for years and it was awesome to be a subject, not a viewer. Even made Trav look half decent... 📷

Stop & Go Brake and Service Centre for servicing the car and ensuring that we stay safe on the road. And for the bag of coffee at the end! 🚘

Langwarrin Easy Wash for keeping us clean but also providing a space for local businesses to showcase who they are. 🧽

Next time you use a local business, give them a shout out to your family & friends. We all depend on your support to keep providing a strong service to you all.

* RATE ANNOUNCEMENT 📢*

As widely expected, the RBA has today held the cash rate at 4.35% 🥳

Although it is not the rate cut that Australian families 👨‍👩‍👧‍👦 have been pining for, it is a relief for many that they can finally have a sustained period of stability on their mortgage repayments 🏠

Here is a grab from the RBA's release today:

"Returning inflation to target within a reasonable timeframe remains the Board’s highest priority. This is consistent with the RBA’s mandate for price stability and full employment. The Board needs to be confident that inflation is moving sustainably towards the target range. To date, medium-term inflation expectations have been consistent with the inflation target and it is important that this remains the case.

"While recent data indicate that inflation is easing, it remains high. The Board expects that it will be some time yet before inflation is sustainably in the target range. The path of interest rates that will best ensure that inflation returns to target in a reasonable timeframe remains uncertain and the Board is not ruling anything in or out."

The industry expects that there will be cuts in the back half of 2024, into 2025. However, as noted by the RBA today, this expectation is completely dependent on inflation reducing to the RBA's target range of 2%-3%.

If you have any questions regarding today's announcement or want to discuss anything with us, please reach out on 0422 608 757 or hit us up in the DMs to set up a time to meet ⏰

No financials? No worries.

Hang on. Did we really say that? Is there really a way to obtain finance without presenting financials in the current economic climate?

The short answer is yes. The long answer is much more complicated than that, but can be summarised as “yes, depending on your personal situation and what you are asking for”.

It is no secret that the banks have considerably tightened lending standards over the last few years, starting with the Royal Commission followed by high inflation rates due to the COVID stimulus packages. Many businesses have therefore found it difficult to obtain finance through traditional methods and the major lenders.

However, whilst the major lenders have tightened their reins when handing out finance, the second & third tier lenders have seized the opportunity, growing at record pace.

More & more business clients (and brokers!) are shunning the majors and moving toward these lenders as they regularly provide better solutions for self-employed clients, allowing them to obtain finance and grow when they were being stonewalled by a major.

They are utilising different methods of verification including, but not limited to:
- BAS Statements
- Client Self-Declarations
- Accountant Letters & Declaration
- Cash Flow Ins & Outs from the trading account

There is a whole new world of finance out there just waiting to be explored. Let us be your guide as you explore what it might do for you.

To discuss further, reach out to us on 0422 608 757 or [email protected].

Today is International Women's Day and what better way to mark the moment than celebrate the woman behind Seeder Finance.

Kirsty works in the background doing our bookkeeping, banking, website maintenance and more, whilst also being a full time mum and keeping our family thriving (and alive!!).

Kirsty, we appreciate you for all you do, who you are, and how you are our biggest champion. Thank you!

Thank you also to all the other women leading the way for others to have a voice and make a name for themselves in this world.

FY23 vs FY22 – which do you need?

When we speak to a self-employed client, one of the most common questions we get is, “Which financials do I need to have for the bank?”

On face value, this seems like a straightforward question with a straightforward answer: the latest 2 years that you have.

However, it is not as simple as that when it comes to financing self-employed clients. Every client’s situation, and each lender’s requirements, are different. There is no uniform policy regarding self-employed applications anywhere in the industry.

For example, if you were to approach me for finance today (Feb 2024), 1 major lender requires that you hold FY23 financials when applying for business finance but FY22 for home loans. The same transaction at another major lender, requires FY23 for all application types, whilst another only needs FY22s.

Are you confused yet? If you are, we don’t blame you!

There are 2 main dates driving these inconsistencies:
- January 1
- May 15

When you reach January 1, your prior year financials are suddenly 18 months old, and can be seen as an unreliable indicator of current performance. Business applications typically require more recent information such as BAS statements and management/draft financials for the latest year.

However, under ATO rulings, the final date for lodgement of any tax returns is May 15. As such, there is less incentive for self-employed applicants to lodge their tax returns and pay the ATO earlier than they are legally required to. Hence, there are options available to rest on older financials until this date at many lenders.

So, going back to our original question, “Which financials do I need to have for the bank?”

The answer is simple but complicated: It depends. It depends on your unique situation, your needs, your timing, and the lender that you want to engage with.

That’s where we come in. We are here to help you navigate this process and ultimately decide which option is the best fit for you & your business.

To discuss further, reach out to us on 0422 608 757 or [email protected].

Cultivating Your Future.

You’ll see this repeated on our socials, email signatures, and website.

What does it even mean? And why did we choose this as our tagline?

Well, to cultivate something is to nurture it and help it grow. It is typically a term used in the horticultural industry and associated with land, plants, and crops. However, it can also be used in terms of relationships and personal development.

What better way to describe what we do at Seeder Finance, than to use a term that encapsulates the critical role we see that we have with our clients?

Our role is to nurture relationships with our clients, helping them grow and achieve their dreams.

This means that we not only assist when someone requires finance, but we also:
- Provide advice to help people & businesses position themselves to meet their goals.
- Regularly contact clients and referral partners to strengthen new and ongoing relationships.
- Conduct regular reviews on clients’ facilities to ensure lender offers remain competitive.
- Provide introductions to businesses that may provide mutual benefits.

Seeder Finance: Cultivating Your Future.

Overtired and overworked?

Sorry, did you think we were talking to you?

No, we were talking about the vehicles and equipment within your business.

There is absolutely nothing wrong with having older vehicles and equipment within your business when they are properly maintained.

However, there often comes a time where the maintenance costs start to outweigh the benefits of selling it and buying something new.

That’s where we come in!

We have a wide range of lenders who provide quality asset financing solutions to all types of customers, whilst we also have strong industry partners for those that don’t quite fit the mould.

Rather than using your business’s cash to purchase your next asset, why not let us organise it for you? Contact us on 0422 608 757 or [email protected] to chat through options today.

Think Residential.

Looking to invest in residential property in 2024?

Then look no further, we can help.

We work with you, your accountant, and any other advice professionals in your immediate network to ensure that we structure a solution that works best for your situation.

We can figure out how much you can borrow and how much of a deposit you will need to make it happen.

We then canvass options from a wide range of lenders to ensure that you are receiving a competitive deal in the market as you commence your investment journey.

Contact us on 0422 608 757 or [email protected] to book a time and discuss your options.

We always enjoy reflecting on client experiences and the way in which we have helped people achieve their goals.

From refinancing, to purchasing, to anything in between, we are here to help and would love to work alongside you as you navigate the current financial landscape.

Reach out to see how we can do the same for you.

Think Commercial.

Looking to invest in 2024 and not sure what to buy?

Why not consider commercial property?

There are many benefits to buying a commercial property including:
- The presence of longer-term leases.
- The ability to negotiate for most or all outgoings to be paid by the tenant.
- Greater flexibility when it comes to what you can do to the property under different borrowing structures (e.g. SMSF, Trust, etc).

If you are a business owner, you can also get out of the rent trap by buying your own premises, setting your own rents, and building equity in the process.

Commercial property lending has also never been more flexible than it is today, with one major lender allowing you to borrow 100% of the purchase price (if you are a trading business) without additional property security! You read that right, 100%!

If you’ve ever considered investing in commercial property, now is the time to call us and discuss what investing in commercial might look like for you.

Calling all Real Estate Agents!

Do you or someone you know own a real estate agency that offers property management as part of your service offering?

Did you know that you can leverage your rent roll to borrow money and expand your empire?

Do you have plans to grow your business?
Do you have a need for additional cash flow?
Do you want to unlock equity to grow your asset base?

We can help.

Our director, Travis Whelan, has spent nearly 10 years helping real estate agents access the hard-earned equity within their business, allowing them to grow portfolios, expand territories, and develop their personal portfolios.

Travis has purpose-built relationships within your industry to provide you with the best possible solutions and insights to enable you to make informed decisions.

To help you understand what is available to you in the market, get in touch with Travis on 0422 608 757 or [email protected].

Taking back control.

As enjoyable as the Christmas season is for us all, it can put a real strain on finances.

You may feel like you’re behind the 8-ball on your finances before the year has even started.

If you’re a business owner:
- Did you shut down over Christmas and have no trading?
- Did your business customers also shut down and delay paying what they owe you?
- Did you spend way too much money on that staff Christmas party and now need to find a way to pay it off?

If this is you, we’re here to help. We can review your current financial position to determine how to best inject cash into your business, getting you back on track and ready for 2024.

Contact us on 0422 608 757 or [email protected].