#Lending
The rising cost of alternative finance: Understanding non-bank lending risks
Easy access to non-bank finance masks a hidden risk. Insolvency experts warn directors that alternative lending comes with tighter covenants and faster enforcement triggers than traditional bank debt.
COSBOA calls for loan rejection transparency in new lending code
COSBOA Calls for Greater Transparency in Loan Rejections to Empower Small Businesses
Expert strategies for navigating lending risks
New CreditorWatch paper addresses ways commercial lenders can use unique data to lend with greater confidence.
Financial democratisation: The people are now dictating the money game, not banks
Demand, competition and technology are driving seismic changes in the financial landscape, with power heading from the banks to the people…
Growth in loans to businesses evaporates
RBA statistics for April recorded the slowest annual growth in credit for mortgages since the data was first collected in the late 1970s. The growth of lending to businesses flatlined in April while personal loans retreated for the seventh month in a row and annual property credit plummeted to unprecedented lows, central bank statistics suggest. The […]
Employers can help stamp out predatory lending
This year we have seen a significant power shift for consumers, with the government investing heavily in heightened financial protections. Through thorough reviews of bank reforms and consumer lending policies, control is slowly being readjusted back into the hands of the Aussie public. In fact, the 2019 Coalition government’s budget pledged $640 million to continue […]
National research reveals SMEs’ top five funding frustrations
Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital […]
Xero’s Small Business Insights shares key small business findings
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is now made especially relevant with the federal budget announcement later today. The anonymous and aggregated data is collected monthly from hundreds of thousands of Xero’s Australian subscribers through the Xero platform. […]
New inquiry into international initiatives that provide SMEs affordable access to capital
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has commenced an inquiry into international initiatives designed to address the funding gap for small to medium sized enterprises (SMEs). [Related: Small Business Ombudsman calls for Govt to consider UK approach to boosting SME finance, Major barriers to SME investment explored by new report from […]
The ‘quest for stability’ in the financial system is detrimental to SME growth, says Ombudsman
The benefits small businesses derive from a competitive financial system are being reduced by the regulators in their “quest for stability”, the Productivity Commission (PC) has found. The finding, contained in a draft PC report titled Competition in the Australian Financial System, is supported by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate […]
“We’re positioned to be amongst the world’s top 50 fintechs next year,” says MoneyMe CEO
Millennial-centric fintech lender MoneyMe has hit some impressive milestones in 2017. In addition to reaching $150 million in loans funded, the North Sydney startup received a $120 million capital injection and debuted on the coveted Fintech100 list, placing it amongst the world’s most innovative fintech companies. Despite reaching lofty heights, co-founder and CEO Clayton Howes […]
Securing a soft or hard loan for your SME
The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing […]
Steps SMEs should take to secure export success
Small businesses often have specific financing needs and may require funding support to compete in international markets or to fulfil export-related supply chain contracts. For businesses trying to navigate that next growth phase into an overseas market, there are a number of differences between exporting and operating in Australia which will have an impact on […]
Personal Property Security: It’s in the Ts & Cs
The potential benefits with the PPSA are indeed obvious, but, as with anything relating to assets and property, the devil can be in the details.
Lending competition opens up opportunities for business owners
Increased competition between the major banks on new lending following the global financial crisis is opening up a new opportunity for stable businesses seeking access to finance.
Veda Advantage: Small business credit demand down 7.3%
Veda Advantage’s Business Credit Demand Index, released today, shows demand for business credit among small business is down 7.3 percent in the December quarter over 2009.
CBA increases lending to small business to $25 billion
Commonwealth Bank has increased its small business lending at ten times the rate of competitors, with loans to small business totaling $25 billion The Australian reports.