CAPITAL FOR COMPANIES

Raising capital for small to medium sized companies has never been easy. It is even more difficult now with limited sources of finance and then usually requiring real estate and personal securities. Very dangerous for the owners. David Millhouse says the new Australian credit laws make it even harder and people who would previously had access to credit will no longer have that access. This particularly affects small and medium sized businesses, many of which are family owned. Banks treat so called self employed people differently to PAYG earners.

This was a huge problem post the 1991 recession in Australia and MillhouseIAG established Corporation Builders to address it. Corporation Builders developed the Queensland Leaders project in 2007, which still continues in Brisbane.

David Millhouse also says that, presently, business owners and managers also face declining exit values for their assets. There is little in the way of true venture capital available and very limited opportunities for IPO's on the Australian Securities Exchange.

David Millhouse
www.millhouse.co