Skip to content

Join the Circle.

Purple Circle would like to welcome you to our network.

[email protected]

+61-1300-366-406

Whether you’re new to the industry or would like to take your business to the next level, we’d love to hear from you.

  • From inside the circle

“As a business with both inhouse financial planning, mortgage broking and finance coaching disciplines we always felt that the previous CRM was not very intuitive or fully developed.

Also coaching and training support was problematic from them along with some challenges engaging with our Mac based operating environment.

For us Salestrekker is a breath of fresh air. It feels much more contemporary, easy to navigate.

It also has excellent imbedded online support, training material and videos that assist us to work through the early induction of our team members.”

Iain Tait

Small and Medium Enterprises (SME) Guarantee Scheme

The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates

Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off

An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months

The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.