Author Archives: knddigital

Quick Guide to Caravans

Buying a Caravan: Your Quick Overview

If you’re thinking about buying a caravan, you’re considering upping your adventure game.

Caravans save money on traditional travel accommodations. They let you explore just by stepping out the door. Their customisation allows you to have all the comforts of home.
From meeting new people to freedom of movement, a caravan is a smart idea. But it’s also a big decision. This is an investment you want to do right. We want to help you see Australia while keeping budgets in check and comfort high. Read on for a quick overview for buying a caravan.

Visualise Your Idea of a Great Caravan Layout

Learn what makes for a good caravan, the extra requirements when you buy a caravan and what features work for you. Questions should include:

  • How many berths will you need?
  • Do you need that lush lounge or large dining area?
  • What are you planning to do with the caravan?
  • How often will you likely hit the road?
  • How many will probably go on your adventures?

Be Patient

Experienced adventurers know this. If you’re new to caravanning, you don’t want to put your money into the first vehicle you lay your eyes on. Considering the newest designs, getting knocked off your feet is common. The upholstery, tech and gadgets, and interior facilities can make a newbie anxious.

Stay objective. Take your pictures and move on. You can always come back. Due diligence requires you to investigate and learn more. The best way to do that is through shopping. You’ll come to see things like the layout and all-up caravan weight are critical. Most likely more so than that amazing microwave or cool dining table.

This Has to be a Hands-on Venture

Unless you know caravans, all that thorough internet research isn’t enough. You want to get out to the dealerships. The entire family has to be with you. Sit in the caravans and imagine what essentially living in it will be like.

This research will be invaluable as your knowledge base grows. Something as seemingly unimportant as an awning, a big help in warmer months, can suddenly become a deal-breaker.

Tread Carefully

You will run into deals that are impossible to turn down. Hold off on whipping out the chequebook for a deal that’s making you do backflips. Salesmen know you can cross the road and find a better deal. They’ll work that angle. Hard. It’s about a commission, not your interests. Handing over a deposit too soon leaves you vulnerable to driving a caravan not right for you.

Get a solid idea of the layout your family and adventures need. Find a few models that fit the bill. Now, you’re in a position to play the game.

Caravan Financing

You can buy new or pre-owned, but you’re likely going to need a little help closing the deal. The right caravan loan can make the difference between the purchase becoming a dream or a nightmare. You want the best rates. You want pre-approval, giving sellers a reason to fight for your business. Financing ensures you’ll get the right caravan for your adventures.

Five tips for buying a second-hand motorcycle

Are you looking to get a motorbike? Here we share a few tips to help get you on the right track when looking at second-hand bikes.

Five tips for buying a second-hand motorcycle

1. Research First

Before any major purchase decision, you should always research what you are buying and how it matches your needs. Whether a car, boat, caravan or motorbike, the choices are endless, and so is the availability of information.

But what are you looking for when doing your research on a second-hand motorbike before purchase? You need to decide what type of bike you are looking for – a road bike or dirt bike – or a something can be both on-road and off-road. Is the motorcycle being used for work or pleasure? Consider where you live and what would constitute average use for your motorbike given your circumstances and riding ability.

Once you narrow down what you are interested in, you need to discover the various models available. Check out the forums to see what people enjoy about the various bikes you are interested in getting and where they have experienced issues. It is handy to learn what could go wrong with it and whether the manufacturer has issued any recalls or safety notices.

Investigate replacement parts – both availability and cost along with service costs, so you know what the ongoing investment will be to maintain the bike.

2. Investigate the bike history and review the online photos

Once you have decided to check out some bikes from online sales websites, gather the details of the bikes you are very interested in and put the information into bikefacts.com.au . You can check if there is any finance attached to the bike, or if it has been stolen or written off.

Once you are satisfied that the bike is legitimate, have a good look a the photos to make sure everything looks in good working order. If you notice any damage in the images or broken parts have been mentioned in the advertisement – investigate what it would cost to repair. You are then in an excellent position to decide if the asking price is reasonable or if you have some negotiating room.

3. The second-hand bike inspection

When you have decided things are lining up nicely and it is time to inspect and test ride the bike, ask the seller not to start the motorbike before you arrive. When you start the bike from cold, if there are any tell-tale signs of engine trouble, you should be able to hear this from the very get-go.

Inspect the bike’s alignment, the sprockets and forks’ condition, and the tyres’ grip. Ask the seller when the bike was last ridden. If the bike has been in storage for some time – tyres and the engine may exhibit signs of deterioration. For example, if the tyres are worn or cracked and require replacement, you could be up for a further $500.

Ask to see the motorbike’s service history and ask if the seller has the original user manual. Are there any other accessories that have been fitted or modified on the bike? Are these legal and have they been modified correctly? Be sure you are satisfied with the overall safety of the bike before you think about riding it.

4. The Test Ride

Once you are satisfied with the bike’s overall appearance and history, ask to take it for a test ride. You will soon know when riding the bike if there are issues with the gearbox, brakes or clutch. If you think something is not right, talk to the seller about the roadworthiness and have the matter investigated before purchasing.

During the test ride, think about how you feel on the bike and if this is what you were expecting. Are you comfortable in the ride position? Does the motorcycle handle how you expected it to?

5. Motorbike Finance, Approval and Purchase

Your final decision will be – Is this the bike for you? Once you have negotiated the best deal and – of course – have your finance sorted (get this done first so you know what you can afford), you should be ready to make a final offer.

If you need finance for your motorbike purchase, get started early – contact us at Ezilend and get pre-approval today. Pre-approval makes the process of finding your perfect second-hand bike all that more simple.

Jetski finance by Ezilend

Jet-Ski Maintenance – 5 Important Tips

So you finally got your hands on that Jet-Ski you have always dreamed of owning. You are ready for countless hours at the beach or in your local waterways. The sunscreen is packed, the kids – old and young – are excited and you are set for some real fun. 

While any personal watercraft will provide hours of unlimited fun and entertainment on the water, you will need to be all over the maintenance of your Jet Ski to ensure the best performance and safe use each and every time you take it out.

Read the Manual

The very first thing you should do – maybe even before you buy the Jet Ski – is to carefully read your manual to learn everything you can about its use, maintenance regime and how to store, manoeuvre and drive your jet ski. This is particularly important for those who have never owned a Jet Ski before. You will learn a great deal from the manual. If you have owned a Jet Ski before, then it is still useful to review your new toy’s details! You might be surprised by what this one can do – or what the latest recommendations are.

Keep the manual handy as it is important to review this from time to time – and when it comes time to upgrade or sell, you will want to hand this over to the new owner.

Protect the Exterior of Your Watercraft

In particular, the best way to keep your Jet Ski from looking great is to wash it down after salt-water riding.

Taking pride in the appearance of your Jet Ski is a practical consideration. You have spent considerable time choosing this watercraft for various reasons, and one sure reason would be how it looks. So from an aesthetic point-of-view, protecting the exterior ensures the craft remains bright and shiny. You should be proud to take it out adventuring and this also maintains the value when it comes time to upgrade.

By taking proper care and washing off salt-water, mud, sand and other residues – you are protecting your investment.  Take the time to wash and wax the watercraft’s exterior. Washing and waxing protects the boat’s skin from the degrading effects of sun, wind, sand, and salt.

Choose a cleaning solution that is made for boats or personal watercraft. In addition, waxes are also available that are designed for marine use. These products will better endure the harsh conditions that the sea can throw your way.

After a day on the water, you should also correctly store your jet ski. Provide maximum protection by either covering the watercraft using a form-fitting cover designed for your boat, or keep it securely stored inside a garage or carport.

The most important reason for washing, waxing and storing your watercraft in a protected environment is to prevent your jet ski’s exterior from becoming brittle or cracked. The sun’s harsh ultraviolet rays will rapidly deteriorate the exterior of your jet ski. So take the time to protect your Jet Ski’s body to make your investment last.

Flush the Engine

Salt water and fresh water can both contain residues and harm your engine. After each day out on the water, be sure to flush your engine. Your user manual will provide the steps to take to ensure you adequately remove any impurities.

Flushing the engine will remove impurities such as salt, sand, mud, algae, weeds and plant remnants from the engine preventing corrosion. The general method of flushing the engine involves running fresh, clean water through the engine for a couple of minutes after you take the Jet Ski out of the water and prior to storing it. Refer to the manual for how to complete this effectively for your watercraft.

Conduct Regular Inspections and Maintenance

Personal watercraft like Jet Skis require routine maintenance as they contain moving parts exposed to harsh environmental conditions, and these components will need to be periodically lubricated. Check the manual and your local dealer to find out the best oils and greases when lubricating your personal watercraft, as incorrect types could wash away quickly and leave your machine vulnerable and exposed.

Changing the engine oil regularly on any motorized device is imperative to keep the engine functioning safely. The Jet Ski manufacturer will have stipulated a maintenance schedule, just like car manufacturers do – so make sure you know what the length of time is between services and keep to the schedule.  

By doing a routine inspection of the watercraft each time you take it out and bring it back, you will be sure to notice any problems, corrosion or unusual engine noise.

Storing Over Winter

Following a cracking Summer and Autumn with your Jet Ski, the winter in some places may mean it is too chilly to be out on the water, so you will need to  store your Jet Ski for the season.

Any motorized device must be adequately prepared for storage when not in use. You will follow the directions in the user manual which will include the previously discussed flushing of the engine, a thorough wash-down to protect the exterior and  the addition of a fuel stabilizer to prevent fuel evaporation from damaging the engine.

When not using the jet ski, fuel evaporation can leave behind varnish and other sticky residues that can cause fuel line clogs and other engine problems when you bring your Jet Ski out of hibernation. Fuel stabilizers come in various formulations, so choose one appropriate for use in personal watercraft.

Once you add the fuel stabilizer, remove the spark plug from the motor and spray fogging oil into the cylinder. Fogging oil is designed to provide long-lasting protection against corrosion inside the dormant cylinder; without it, the engine oil inside the cylinder would drain and leave bare metal exposed to moisture.

Jet-Ski Maintenance – 5 Important Tips

At Ezilend, we love a great day out on the water and providing loans to help you make the most of your time with family and friends is what we do best. If you are looking to invest in a Jet Ski, boat or other watercraft, be sure to check out our competitive rates. Get in touch today.

Caravan Finance Ezilend

Camper or Caravan? Choosing the best way to travel around Australia

Caravan vs Camper Trailer….Which is best for your next Australian road trip?

With international borders closed to Australian travellers, the itch to get out and explore our great nation has never seemed more urgent.

For the trip of a lifetime, a holiday around our great country offers a wealth of amazing landscapes, wildlife and weather to enjoy. If you’re planning a trip around Australia, you’re about to experience the adventure of a lifetime. But what would be the nest way to travel?

Two of the most popular ways to travel Australia include by camper and caravan. Both offer advantages and disadvantages to travellers, but which is the best choice for your trip?

Trying to decide between the two options is really the tip of the iceberg. In today’s market, both options have so many variations that you can choose the comfort level and ease of use that best suits your travelling style, level of homeliness or adventure.

If you’re facing this difficult choice between choosing a camper or a caravan for your next adventure, here are a few questions to ask when making your decision.

How much space do you need? 

One of the biggest factors to consider when choosing whether to use a camper trailer or a caravan for your Australian road trip is how much living space you will need when on the road.

While campers can offer plenty of living space to lay mattresses or cots, some require you to bring along your own cooking equipment and any furniture or beds that you plan to use for your trip. You may also need to pack up these items every morning and set them up each night depending on the set up of your trailer.

A caravan, however, offers fold-up beds that can pack away easily each morning and include built-in stoves, refrigerators, and seating, which saves a significant amount of setup time compared to a camper. The convenience also could extend to bathroom amenities in the caravan. This may be a complete luxury compared to the camper where you may ned to utilise facilities at camp grounds and caravan parks.

Once you determine the amount of space your family or travel partners will need and the level of comfort you desire, you will have a better idea of whether a camper or a caravan makes more sense for your trip.

How long do you want to travel? 

Your travel plans will also help to decide what will be the best overall option for your trip. Are you planning a series of short getaways or longer holiday adventures? Would you be looking at travelling for two weeks? Two months? Six months? The duration of your trip can influence the type of vehicle you decide to purchase.

While campers usually cost less, they do require significant time each day to set up and pack away, which can eat into your time to explore and enjoy your trip. Caravans, however, offer more convenience and require less investment of your time.

If you’re planning a shorter trip, then sleeping on mattresses and setting up your living space each night may not prove much of a hassle. If you’re planning to be on the road for several months, however, then you may appreciate the convenience offered by a caravan.

Where do you want to go?

From the wildlife to the landscapes, Australia offers endless adventure and beauty. The types of places you want to go on your trip and the distance you plan to travel can influence whether you buy a camper trailer or a caravan.

Both campers and caravans will require you to have a tow vehicle. Between your tow vehicle and your camper or caravan, you will need a significant amount of space at your campsite each night. Caravans, particularly, require significant space to park, as well as access to power hookup. While Australia offers many nice caravan parks, you may find the locations of these parks inconvenient compared to your desired itinerary. Campers, however, are smaller, lighter, and more mobile, allowing them to access smaller sites outside of caravan parks more easily, giving you greater flexibility for where you can travel or your trip.

If you plan to do any off-roading on your trip, accessing some of Australia’s more remote and difficult to access locations, you will need a tow vehicle with four-wheel drive. While some travellers do take their campers and caravans off-roading, it can pose risk to the vehicle, requiring maintenance. If you plan to go off-road, you will want to buy a camper or caravan that has been specially designed for off-roading.

What’s your budget?

For most of us, budget influences our decisions. And this is true for your decision on whether to buy a camper or a caravan. More than any other factor budget plays a major role.

Campers are lighter, easier, and cheaper to tow than caravans, but they do not offer the same conveniences as caravans. Similarly, off-roading vehicles, whether campers or caravans, offer greater flexibility as to where you can take your vehicle, but they cost more than vehicles designed to stay on-road.

Before you decide which vehicle to purchase  – a camper or caravan or an on-road or off-road vehicle  – you will want to think carefully about the type of trip you want and which vehicle will best provide you with that experience.  Once you have resolved your decisions around comfort, convenience, cost and where you want to travel and how you  want to experience that adventure, then you can set to work finding a vehicle to meet those needs.

Good deals on both new and used campers and caravans exist, so it’s worth taking some time to ensure you find the right vehicle for you.

If you need help financing your purchase, consider caravan and camper loans to help you make your Australian road trip dream a reality.

 

 

Good Credit vs. Bad Credit – What’s it all About?

When was the last time you actively considered your credit score? Do you know that you can access your credit report to make sure it is accurate and reflects repayments and credit history?

Perhaps you thought your personal credit rating just before applying for a line of credit, only to realise that it wasn’t up to scratch, with your loan application being rejected.

Most of us tend to take a less-than-proactive approach when it comes to our credit – keeping our head buried in the sand until the last minute (i.e. when it dawns on us that we might actually need a loan). Unfortunately, credit scores can’t be repaired overnight. Like our cars, credit scores require a degree of maintenance – it pays (no pun intended) to annually check-up on our credit health.

 

According to ASIC’s Money Smart, Australians are entitled to check their credit report for free once a year. Credit providers use the information in credit reports to establish whether an applicant can afford a particular loan, and whether they are likely to repay it on time (or at all).

If you find that your credit score needs some TLC after reviewing your report, there are simple steps you can follow to get it where you want to be.

Have an active credit account

Don’t be debtless! Go forth and access a credit account with a small limit because lenders don’t favour borrowers without a credit history. You can start as small as you need to: a mobile phone plan, Internet service or rental payments are all valid proof of payment history.

Check your credit report

As mentioned above, Australians are entitled to one free check of their credit report per year. In 2013, ASIC stated that a whopping 30% of Australians’ credit reports contained errors. It’s important to iron out any errors before applying for a loan because their presence will simply delay the application process. Some errors to look out for are:

  • Incorrect personal details (name, address or date of birth),
  • A debt might be listed for the wrong amount, or
  • A debt might be listed twice.

To find out more about credit reports and how to fix errors, check out this article from Choice.

Punctual payments

This one is a no-brainer. The best predictor of your future behaviour is past behaviour – if you want someone to trust that you’ll make reliable and punctual repayments, start making reliable and punctual payments now! Punctual repayments are exactly when your potential lender is looking for in your report.

Be wary of making too many hard enquiries

What is a hard enquiry? A hard enquiry is the name given to the process of a prospective lender making an enquiry on your credit report. Having too many hard enquiries on your account doesn’t look good – it implies that you’re desperate for cash and/or have been knocked back for a loan on more than one occasion.

Good credit history isn’t hard to attain if you give it the attention it deserves. With adequate pruning, your credit history will flourish. Take a look at ASIC’s factsheet for more information about maintaining your credit report. If obtaining credit is or becomes a problem, speak with a friendly Ezilend consultant – we can help you to restructure your credit profile or point you in the right direction (and away from the rip-off lenders!)

 

Buying a new car

There is nothing like the excitement of buying a brand new car. And whilst financing a new vehicle is an essential part of the shopping process, we thought we would focus on the car buying process. Hopefully our tips will get you behind the wheel of your dream car at an amazing price.

Let’s get the finance out of the way first.

When buying a new car you have five main ways of financing the purchase. You can:

  • Pay cash by buying it outright,
  • Obtain a car or personal loan,
  • Use dealership finance, 
  • Lease the vehicle, or
  • Take out a chattel mortgage ( a secured car loan for business purposes).

Our advice, as industry insiders, is to shop around for your loan before you go to the dealership. Contact us at Ezilend and we can help you get your finance sorted. That way , you can go into the car dealership with finance ready to roll.

So how do you go about choosing the right car for your needs?

  • Research

Step one is, of course, to do your research. These days we have so much information available to help make our purchasing decisions easier. But don’t just read the reviews, have a good look at all of the car sales websites and see what prices various dealers are putting on the cars you’re interested in. Decide what features are most important to you as you narrow down the selection.

Once you have a vehicle in mind, you can then narrow down the dealers to talk with. Through this research process, you can be confident that you have a fair idea of what you should be paying for the car you want. If you are trading-in your current vehicle, do the same research so you know if you’re being offered a fair trade-in value.

  • Visit Dealerships

Step two – Visits to the dealerships. The process is very much choreographed once you arrive. It can be a psychological battle.. Using the internet prior to the visit gives the buyer a lot more power. While you can research every last detail, don’t underestimate the lure of that shiny new car, literally begging you to put your hand in your pocket and spend your cash right there! Resist the temptation. Let the car salesperson go through the process. 

Being sold to in this instance is not a negative experience in the slightest. This is where your research and bargaining tools come together with the incentives from the dealer. There may be various offers and incentives put your way. Ideally, take the time to visit a few dealerships for the brand of car you’re interested in to make sure you’re getting the best deal. Expect to spend an hour or so in each dealership while looking at. all your options.

Car dealerships rely on your initial excitement and a well-honed strategy of starting with a high price and then being able to lower the price – often linked into a ‘promotion’, which usually ends the day after you go in. You may often get a ‘this price is only valid today’. This is very rarely true. Take the power back if you can. If you can forward plan your purchase, it’s a great idea to buy either at the end of the month/quarter or (best of all) at the end of the financial year. This is when dealer stock must get moved on and you can generally negotiate a better deal.

What about all the extras?

Once you have identified the dealer you would like to go with – who is offering the best price, and the car is definitely the one you want – you are ready to do the deal. Just know that before you sign anything you will be shuffled off to see the “Extras” person. The “Extras” person will talk to you about all of the essential ‘add-ons’ you will need to take with your new car. For many dealerships the margin on the car is minimal, so they’re interested in extra income from add-ons. You will also be told about the ongoing service schedule required to make sure your warranty remains valid. A new car warranty is not in fact invalidated if you take your car elsewhere to be serviced. However, it can complicate matters should you make a claim.

There are generally three categories of New Car Add-ons…

  • Paint protection
  • Upholstery protection, and 
  • Tinted windows

…and sometimes there is even a service to fix those occasional dints and scratches that it’s generally not worth claiming on insurance. Are these extras worth the money? There’s no clear answer to this. But, here are the pros and cons…

Pros

  • If there are ever any problems related to the add-on provided by the dealership you just take the car back in. 
  • The additional options are taken care of before you pick up the car – no need to take it back later to have the work done.
  • If you are financing the vehicle, it’s easy to add the extra cost into the entire car loan.
  • You can be reasonably confident that the work will be done to a sufficiently high standard. The car brand will not want to be associated with any problems relating to the add-on down the line.

Cons

  • The add-on may not be necessary – it is a new car after all.
  • Getting add-ons done at the point of sale at the dealership can be more expensive than getting the same job done by an external company.

To an extent, the dealership relies on the fact that you probably don’t know about the latest paint protection technologies, or how much it would cost to get the same treatment elsewhere. So this is where a bit of research can save you money in the long-run.

Once you have negotiated your way through the buying process, don’t forget the other things you need to organise before you pick up the car. Remember things like insurance, and don’t forget to take your toll tag out of your old vehicle and inform the toll company of your change of vehicle. Then you can relax, and enjoy your new wheels!

Volunteer Marine Rescue Whitsundays Sponsored By Ezilend Finance

Ezilend Sponsors Volunteer Marine Rescue Whitsundays

Volunteer Marine Rescue Whitsunday (VMRW) is a squadron of Marine Rescue Queensland whose primary objective is to SAVE LIVES AT SEA.  “We provide marine search and rescue services to the boating public and island communities on a volunteer basis,” said VMRW President, Mal Priday. “Funding support for Marine Rescue organisations is vital. The costs of maintaining, operating and providing assistance to the boating and island communities – not just in the Whitsundays, but nationwide – continue to increase year-on-year.”

Volunteer Marine Rescue Whitsundays Sponsored By Ezilend Finance

Abundant Coastlines and Growing Boat Ownership

With our nation’s abundant coastline, flowing waterways and beautiful weather, recreational boating is one of the leading pastimes in Australia. In Queensland, registered boat ownership* sits at an incredible 264,000… and rising!

To support the great work of the Whitsunday’s Volunteer Marine Rescue, Ezilend have stepped up to the table and provided vital funding support.

Silver Sponsorship

Ezilend Managing Director, Jack Bradford, said: “Ezilend was happy to become a Silver sponsor and contribute vital funding for a 2-year period to enable the service and volunteers to continue their life-saving work.” Jack has recently moved into the region and, as a keen boatman, he is certainly enjoying the lifestyle of the Whitsundays. Boating safety is important to the team at Ezilend which is what makes this partnership a win-win.

The Volunteer Marine Rescue operation is run entirely by volunteers including boat crew, radio operators, management, fundraisers, trainers and performs an essential emergency service for boat owners in the greater Whitsunday region. There are plenty of opportunities to get involved in local community organisations like the VMR, and these brave volunteers provide over 2000 man-hours a year saving lives. They are called on for assistance, on average, about 10 times a month for situations such as:

  • tow assists
  • search and rescues
  • medical evacuations from boats and island resorts and camping areas,
  • transfers of Queensland Ambulance, Queensland Fire and Rescue and also the Queensland Police Services to emergency situations.

The Volunteer Marine Rescue Whitsundays own and operate:

  • two purpose-built Rescue vessels: an 11.9-metre NoosaCat for open waters, large vessels and Medivacs, supplemented with a 6.7-metre Naiad RHIB for smaller vessels and inshore assists; and
  • two VHF radio stations on Hyman and Whitsunday Islands. 

In addition to the life-saving duties, VMRW provide boating information for visitors, including access to safety information, radio and navigation support, tidal and weather observations.

If you are serious about getting into the water with a new boat and need access to fast, easy finance, give Jack’s team a call! 1300 850 447

*Source:  https://www.bia.org.au/industry/industry-data

What comes with a Franchise Package?

One of the most significant business expenses for a startup can be buying your franchise.

What do you get when you become the proud business owner of a new franchise location? This is a question that many ready-to-launch entrepreneurs find themselves asking. In fact, it’s the first place to start when you’re contemplating buying your first franchise. It’s the starting line for calculating your costs, resources, and the real value of each franchise package up for purchase.

In the hundreds of available franchise options, franchise packages tend to be developed in about the same way. In addition to helping you turn investment capital into a new business, each franchise package should provide the ingredients to help you turn your location into a thriving extension of the brand’s business model.

Features of a Franchise Package

  • Structural Business Model

The one thing every franchise needs (other than a brand to license) is a business model. This business model and all the trappings that come with it are what makes a franchise valuable. The business model has been well-established, tested, and borne out with other franchise owners and now it can do the same for you. Franchisees put the business model into practical application by selecting and preparing a location for business.

The model also still provides the kind of flexibility and freedom that every entrepreneur craves to customise the business based on what’s best locally.

  • A Few Trade Secrets

Most franchise packages include a few vital tips inside the business model and guides offered by the parent brand. This might be recipes that make a franchise restaurant unmistakable to fans. It might be a certain way retail displays are put together.

  • Tools and Industry Technology

In today’s business world, every business comes with a stack of software. Possibly a stack of specific hardware and equipment as well. The kind of technology your business needs, fortunately, can also be provided by your core franchise in the franchise package. Every franchisee has access to the technology and the industry tools used to make the magic happen.

  • Back-Office Support

The back office is often what new entrepreneurs need the most help with. Finances, taxes, and legal compliances can pile up. Not to mention managing your complex network of relationships with vendors and services. Most franchise packages offer back-office services, training, and back-office support for franchisees. This can help you cover the experience and back-end staffing gaps early on.

  • Marketing Support

One of the most significant benefits of buying a franchise is marketing. You get to build on an existing brand instead of having to establish and build your own. Not only is this a great place to start, but a franchise also helps you with local marketing on the brand and image foundation.

  • Consultations with Industry Experts

In business, it never hurts to get a second opinion – especially if you’re new to business ownership or the staffing industry. If you want to consult with experts in the industry, your franchise is the perfect avenue to do this.

  • National Franchise Network

Finally, you can access the national network of connections, clients, and resources that has been nurtured by the core brand. You gain a connection to other franchisees across the country and to the brand’s vendors and widespread clients, just to name a few perks of the franchise network.

Are you looking to open your own business? We’re ready to help. Whether you’re starting from scratch and are building your own unique business model or choosing a smart franchise package to get started with, you’ll need more than just energy and elbow-grease. You’ll need investment capital and a smart team on your side to get the job done from branding to your opening day celebration. Contact us today to consult on your business plans and financial needs. From business coaching through our blog to startup capital, we’re here to help you turn your entrepreneurial goals into reality.

Tips to help you secure a Business Loan

Once you have an idea for a business and a team of professionals working by your side, your next big step to get your start-up off the ground will be to secure funding, likely through a small business loan. While banks and other financial institutions offer a wide range of financing options for businesses, you may still face challenges securing funding if you go into lender meetings unprepared.

Taking the right steps before applying for a small-business loan will reduce the likelihood of your application being rejected. At Ezilend, we want to help you to get the financing that you need to start your business. To help get you started, here is a look at a few steps that you can take to improve your chances of securing financing for your start-up.

Have a Good Business Plan

Before you apply for a small business loan, you must take the time to make a detailed business plan. A business plan serves as a roadmap that explains what your business does, how you plan to market your product/services, and it forecasts projected growth.

Making a business plan will not only show lenders that you are serious, but it also gives you time to think about your long-term goals. Once you know more about your business and goals, you will be more prepared to meet with lenders. You will have already contemplated the answers to most questions a lender might ask. Your business plan will also help give lenders a sense of what your business does and how you plan to turn a profit, improving your odds of securing a loan.

Determine Your Long-Term Goals

After creating a business plan, you will also need to map out your long-term goals for your business. Lenders want to see that you have a vision for your business, and simply saying that you want to make money won’t cut it.

You will need to take time to think about how you want to grow and expand your business. What proactive steps do you plan on taking to achieve your goals? Mapping a five-year timeline of steps you plan to take to grow your business will give lenders a concrete idea of how you plan on turning a profit. Lenders want to see proof that giving you a loan is not a risk. So anything that you can do to show that you have thought your business idea through and are prepared to grow your business can help you secure a loan.

Bring The Right Documents

Nothing looks less professional and ruins your chances of securing a loan more than not being prepared for a meeting with a potential lender. This makes it critical that you gather the right documents to take to your meeting and that you have them organised so that you can quickly find what you need at a moment’s notice.

The documents you most likely need include:

  • recent tax returns,
  • bank statements,
  • proof of insurance,
  • letters of incorporation, and
  • any applicable business licenses or other professional documentation.

You do not want something as basic as not having the right documentation with you derailing your chances of receiving a business loan.

Be Ready to Talk Numbers

It is also critical that you are prepared to talk numbers. You will need to know your business or business concept’s financials inside and out before your meeting to prove that you know what you are talking about. This demonstrates that you have a plan for your business’s financial future. Be ready to discuss:

  • your business’s ongoing costs,
  • how much you have invested in your business,
  • whether you have any investors,
  • how much money you anticipate needing, and
  • how long you anticipate it taking to pay back the loan.

Knowing the financials of your business can help a lender to decide whether or not you will have the means to pay back your loan. So showing that you are prepared and have done your research can demonstrate that your business is a good investment.

Taking the time to prepare before applying for a small business loan will give you the best chances of securing financing. Contact us to learn more about how you can improve your chances of securing approval for a business loan.

5 Smart decisions for home improvement during the pandemic

Your home is your castle, and right now during the pandemic, it’s also where you spend all of your time. One of the side effects of working and sheltering at home is noticing all the little improvements that could be made. You may already be tightening screws on towel rods and adding shelves to the laundry room. You might also be noticing more significant improvements you’d like to make or thinking about ways to improve your home for the duration of the pandemic.

We’re here to help. You can approach home improvements with a purpose-built loan to make your at-home pandemic time more enjoyable. Today, we want to highlight smart decisions you can make to improve your home during the pandemic.

Secure Your Home Perimeter

Take a walk around your home and your fence line. Home security is not just about keeping out robbers; it’s also about safely containing pets, small children, and even your gardening projects. You can also use gardening or remodelling to create a comfortable 1.5m distance between you and the nearest neighbour.

If your fence is old or damaged, repair it or install a new modern fence. If your gate sags or if the latch is rusty, repairs can significantly improve your overall home security. Check to make sure your exterior door locks are secure and that the doorframes are well-fitted and sturdy. Older homes often have external doors made from outdated materials and worn frames that could be quickly updated for greater security.

Create Safe Distancing on the Front Porch

One highly innovative way to upgrade your home is to create a security gate on the front porch. Fine steel mesh or shady wood lattice can create a polite distance between the front door and where visitors stand. Move the doorbell out and add a security gate on the porch. Then each delivery and no-contact service can be greeted at the door and share the shade of your porch without any risk of contact with the family.

Use this opportunity to build out your porch for hospitality as well. Add a table and a storage bench for the convenience of the delivery team. Leave tips and friendly notes in addition to creating more safety.

Make Your Home More Comfortable to Spend Time In

With the entire family at home far more than ever before, the next most practical improvement is one that increases the comfort of your house. Repair, tune-up, and upgrade your appliances like the air-conditioning, heating and hot water service. Build new cabinetry that adds shelves right where you need them. Or transform surfaces into murphy-style fold away furniture that can serve two or even three purposes.

You can add stairs, hidden safes, or windowsill benches. The right improvements for your at-home comfort will depend on your lifestyle and the shared routines of your family, as well as the architecture you’re starting with. You can also consult with a skilled home builder to get ideas for the smartest home improvements.

Make Smart Project Financial Decisions

Another part of making smart decisions is balancing your finances. The best improvements are ones that mesh well with your budget and your plans. You can invest savings that you have specifically set aside for a renovation. Or you can use the equity of your home to take out an improvement loan. Be sure that your renovations fit comfortably into your financial plans. Many modest improvement projects can significantly improve your home within the confines of your budget.

Work with Experienced No-Contact Custom Home Builders

You want to work with experienced contractors who understand the new no-contact terms. Custom home builders can help you not only bring your vision to life, but they can also advise on the smartest home improvement options. They can suggest ideas based on your current architecture and suggest a few clever improvements to help you capitalise on your existing ideas.

In light of the pandemic, you can still opt of a no-contact service for your in-home improvement. Contractors are happy to work with gloves and face protection and it’s easy to maintain a 1.5m distance for most project tasks. Talk to your contractors about what you can do and how to conduct your project in a safe, no-contact manner.

Ready to make smart improvements to your home during the pandemic quarantine? We’re ready to help you take the financial steps necessary to improve your home while it is the single most important location for the family.