Home topics finance Featured Finance Featured “Non-property owners appear to be at a distinct disadvantage in small business”: Research from ebroker Loren Webb October 8, 2019 ebroker.com.au, the fintech matching platform that works with over 70 non-bank lenders, has released a series of statistics revealing insights into Australian small business lending habits. The insights are taken from a sample of just over 10,000 unique businesses using ebroker.com.au over the last 12 months, through to the end of June 2019. Urgent loans within first 5 years of trading The research shows that businesses looking for finance have typically been trading for over three and a half years (on average). Most of the time, they are looking for funds within 3 weeks. 40% of businesses need finance within just 3 days. Homeowners versus non-homeowners 60% of inquiries come from people who are non-homeowners 49% of non-homeowners were looking for funds within 72 hours compared to only 30% of homeowners Within the category of ‘businesses with a turnover of under $2.5million’, non-homeowners’ turnover is 55% less than their homeowning counterparts. Industries The top 3 industries requesting finance between 1 July 2018 and 30 June 2019 were: construction, building and trades hospitality (restaurants and cafes) transport and automotive Overall, inquiry rates for loans in Q4 of 2019 increased by 26 per cent. ebroker.com.au COO, Heath Fitzpatrick said, “One of the key benefits of our technological innovation is the insight it gives us into our data. We’re able to see very clearly which industries are