Posts tagged "business lending interest rate"

Small business demand for non-bank lending solutions has risen 50% over the last year, business lender ScotPac says, suggesting the time and effort required to obtain traditional financing, along with rising interest rates, are causing entrepreneurs to look further afield.

Six-year-old small business lender Prospa has led the charge on opening Australian fintech lenders up to shareholders, and is slated to list on the ASX this week via a $146 million initial public offering.