My Broker Solutions

03/11/2026

✍️ Before you sign a personal guarantee, read this.

When a lender approves a business loan, it may ask the directors or owners to back it personally. That's called a personal guarantee.

Here's what ASIC's MoneySmart says about guarantees:

📌 A guarantor agrees to repay the loan if the borrower can't. You may have to repay all of it, plus interest.
📌 If you can't pay, the lender may take an asset you used as security, such as your home or car.
📌 A default may be recorded on your credit report.
📌 With business loans, income can change fast, so the risk can be higher.

Questions worth asking before you sign:
✅ Is the guarantee for this loan only, or for other debts too?
✅ Is there a limit on the amount?
✅ What security is involved? Is it my home?
✅ When can the guarantee end, and what happens if I leave the business?

Get independent legal and accounting advice before you sign. A guarantee can be hard to get out of later. 💡

📞 Want to understand what a lender is asking for? Let's Talk.

Source: ASIC MoneySmart, "Going guarantor on a loan". General information only, not legal advice.

30/10/2026

Planning your Christmas and January cash flow? Do it before you need it.

For many businesses, the end of the year is when money goes out before it comes in.

📌 Extra stock before the busy period
📌 Wages, overtime or casual staff
📌 Suppliers who want payment before the break
📌 Customers who pay later when everyone's away
📌 Tax bills, like BAS or PAYG, landing in a quiet month

Then January arrives, and it's slower. 😬

A few things worth doing now:

✅ Map your cash in and out for the next 8 to 12 weeks
✅ Check when customers actually pay, not just when invoices are due
✅ Work out whether you'll have a gap, and how big it could be
✅ Talk to your broker or lender early

Options like a line of credit or a working capital loan may suit some businesses, but it depends on the lender and your situation. It's easier to arrange when you're not already under pressure, and lenders get busy and slower towards the end of the year. 🗓️

📞 Want to talk through your cash flow before the break? Email us today.

29/10/2026

A couple of bad months doesn't make a bad business.

Too many buyers focus on the last 60 days and ignore the last 10 years.

A softer quarter gets people nervous. Suddenly the price is "too high" and the business is "losing momentum". 😬

But one slow quarter isn't a trend. Great businesses have ups and downs. Seasonality, timing, a delayed job and a quiet patch all happen.

What matters more:
✅ How has the business performed over several years?
✅ Why was the recent period softer?
✅ Is the market still strong?
✅ Is the long-term position still solid?

Don't ignore a slow patch. Ask what's behind it. But don't let short-term noise outweigh the long-term picture. 🎯

💡 If you need finance, remember lenders also look closely at recent trading, so be ready to explain a soft period with evidence.

Buying a business is a long game. Judge it like one.

💬 Thinking about buying a business? Let's talk through the numbers first. Email us.

27/10/2026

Every loan approval has a story behind it.

A recent client wanted to improve their banking setup. Late in the process, they asked for a change to their loan structure to include an offset account. 🏡

We took the request to the lender, the change was approved, and updated loan documents were issued.

Their reply? A big thank you for getting it done so quickly. 🎉

If a feature matters to you, say so. It's much easier to ask for it than to go without.

Congratulations to our clients and thank you for trusting My Broker Solutions.

📞 Want a loan that fits how you manage your money? Give us a message.

23/10/2026

How many borrowers are actually struggling? The RBA has the latest numbers. 📊

With rates up this year, it's a fair question. The RBA's October 2026 Financial Stability Review says borrowers "continue to display a high level of resilience overall".

Here's what it found:

📌 About 2% of variable-rate owner-occupiers have income that doesn't cover their repayments plus essential expenses. It rose a little this year but is still relatively low.
📌 Most of those borrowers have savings to cover the gap for at least six months if they cut back to essentials.
📌 Home loan arrears are up a little but around pre-pandemic levels.
📌 The median borrower has enough in offset and redraw to cover over a year of repayments.

That doesn't mean it's easy. Pressure is real, and lower-income households are feeling it most. 💛

If your repayments are getting tight, talk to your lender or broker early. You usually have more options before you fall behind.

📞 Want to review your loan before things get tight? Let's talk.

Source: RBA Financial Stability Review, October 2026.

21/10/2026

"Sellers just make up the numbers to get a higher price." 🤔

It's a common assumption in business sales. The add-backs are said to be taken out of context and exaggerated to justify a higher asking price.

Here's what's actually going on:

📌 EBITDA is earnings before interest, tax, depreciation and amortisation.
📌 Some businesses have one-off expenses, such as spending made to take advantage of a tax incentive. These can be added back.
📌 Some add-backs are "50/50". They apply to some buyers but not others.

You might not see the value in an add-back. That doesn't mean it's made up. It may apply to a different buyer.

So before you say "they're just making up numbers", pause and be kind. 💛

▶️ Watch Episode 8:
https://www.youtube.com/watch?v=USoLvXCeVyA&list=PLKQ-Mj3ynoApRki5KKkvdW_hw9D5lBAAu&index=21

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

20/10/2026

People often ask why I invest so much time in networking. 🤝

My answer has changed over the years.

Early on, it was about growing my business. Today, it's about the people, the learning, and being part of communities that make me better, professionally and personally.

Each group plays a different role:

☕ Key Business Network Brisbane North: Connection
KBN is family. I've been a member for over 10 years. Not many places let you walk into a breakfast every week and be surrounded by familiar faces who want to see you succeed. It's a safe place to test ideas, ask questions and get honest feedback. Do we still generate referrals? Absolutely. But it's become far more than that.

🏅 BSCN: Passion
Business and sport is where my true passion lies. With Brisbane heading towards the 2032 Olympics, it's exciting to sit alongside elite athletes and sporting administrators. The biggest lesson? Even our sporting heroes deal with self-doubt, imposter syndrome, pressure and failure. Success doesn't make people immune. It means they keep moving forward anyway.

🚀 Queensland Leaders Pty Ltd: Growth
This is the group that pushes me out of my comfort zone. Presenting to large groups, facilitating discussions, sharing my expertise. At times it's uncomfortable, and that's exactly why it's valuable.

What I've learned: networking isn't really about networking. It's about finding the right communities. The ones that support you, challenge you, educate you and inspire you.

That's why I keep showing up. Not because I have to, but because I always leave a little better than when I arrived. 🙌

Which community has made the biggest difference to you? 👇

16/10/2026

That credit card you never use? Your lender still counts it. 💳

You pay it off every month. Or you've barely touched it. Doesn't matter.

When you apply for a home loan, lenders generally assess the card's limit, not what you actually owe. They have to assume it could be maxed out at any time.

So, a $15,000 limit sitting in a drawer can still reduce how much you can borrow. 😬

Worth asking before you apply:
✅ Do I still need this limit?
✅ Do I have cards I've forgotten about?
✅ Would a lower limit still work for me?

A quick check can avoid a surprise at the worst time. 🎯

📞 Thinking about buying or refinancing? Let's look at your position first.

15/10/2026

Banks do a job, and many do it well. But that job is to manage risk and look after their own balance sheet. It's not to work out the best outcome for you.

A few things worth knowing:

👉 Loyalty doesn't always get rewarded. Existing customers can end up on a higher rate than new ones.
👉 A bank can only offer its own products.
👉 A decline from one lender doesn't mean you can't be financed. It can mean that lender's policy didn't fit.

Ask for a review. Compare. Don't assume.

📞 Want a second opinion on your loan? 👇

Send your scenario at https://mybrokersolutions.com.au/

13/10/2026

1 in 5 small businesses has had trouble getting finance.

Here's what trips them up. 🚧

A 2025 survey cited by the RBA found one in five SMEs had experienced challenges getting finance. The most common problems were:

📌 Lender requirements that felt too strict
📌 Difficulty finding a suitable rate
📌 Long processing times
📌 Being asked for property or personal assets as security

The RBA also says access to finance has improved over the past couple of years. So a "no" isn't always the end of the road.

Some of these hurdles can be planned for with preparation and the right lender fit before you apply. 🎯

📞 Planning to apply for business finance? Let's talk first.



Source: RBA Bulletin, October 2025. https://www.rba.gov.au/publications/bulletin/2025/oct/small-business-economic-and-financial-conditions.html