This week we hear from two leaders on the big 4 banks, discussing whether they are becoming redundant to small business. It is becoming increasingly challenging for small and medium enterprises to secure bank finance as rejection figures are on the rise. An analysis of business loans by financial comparison site Mozo.com.au has found staying loyal to […]
Staying with a Big 4 bank could cost you $6,007 in extra interest on a $250,000 business loan over 5 years The average Big 4 business loan rate is 88 basis points higher than the average of the challenger banks The Big 4 failed to pass on the 100 basis point cut to the official […]
Kate Carnell has expressed concern that promises have not been kept.
The opposition calls for faster aid to help farmers.
Ombudsman has questions regarding the banking royal commission.
The Australian Securities and Investments Commission (ASIC) has released a report detailing changes made by the big four banks to remove unfair terms from their small business loan contracts of up to $1 million. The report, Unfair contract terms and small business loans, also provides detailed guidance to bank and non-bank small business lenders about compliance with […]
Innovation and sport are two fundamental pillars in the makeup of the Australian psyche. Whether it is pioneering in medicine or dominating our national sports on the global stage we’ve done it with a sense of community and a touch of inventiveness. Our success in the Olympics over many generations is a testament to our […]
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to […]
The Institute of Public Accountants (IPA) has introduced an Australian Small Business White Paper renewing its call for a state-backed loan guarantee scheme for small business. The paper was launched at a special event in Parliament House on Wednesday, 12 August and makes a number of key recommendations. IPA chief executive officer, Andrew Conway said […]
Entrepreneurs are famous for developing new ways to do old tasks. As surely as a person’s greatest strength will also be their greatest weakness, so too are entrepreneurs often poor at doing old tasks the new way. Business plans are one such “old task” that supports the new way to understand what the start-up is […]
