ASIC approves July 1 business banking reforms, but delays decision on controversial definition
ASIC has given a partial tick of approval to proposed changes to how small businses banking is regulated, but more controversial changes remain in question.
NAB courts startups with $2 billion loan offering as market moves away from equity
Aussie founders will soon have access to a $2 billion pool of startup loans thanks to big-four bank NAB, as investors move away from equity funding.
Prospa takes second crack at IPO after 12-month delay, targeting valuation of $610 million
SME lending startup Prospa is having a second go at listing on the ASX, after an initial run-in with ASIC led to a 12-month delay.
‘Faster than we can fund ourselves’: Startup lenders boom as small business ditches banks for alternative options
Small businesses are increasingly turning to non-bank sources for loans, with alternative-lending startups almost growing faster than they can handle.
The complete guide to startup capital: 12 ways to fund a new venture in Australia
You’re going to need a cash injection if you’re going to make your mark on the world. Here's our guide to funding options to help you get off the ground.
If it ain’t broke: Why mortgage broker commissions aren’t the problem
While there are always bad apples in every industry, removing commissions would be a blunt instrument with plenty of downsides.
Bank watchdogs on notice: What does the royal commission mean for small business lending?
Regulators are on notice to support changes to the banking code as SME lending looks to a brighter 2019 following the royal commission.
A cultural war: What Hayne’s report means for fintechs, accountants and small-business lending
The underlying culture of the Australian banking ecosystem has been to systematically take advantage of customers — but the future looks brighter.
Big-business fines up to $10 million under Labor plan to give unfair contract terms teeth
Labor will make unfair contract terms illegal if it wins the next election — its latest move to strengthen its small-business platform.
A misguided $2 billion: What good is small-business capital if founders don’t know how to use it?
Over 70% of small businesses have no written plan of any kind, so what use is a $2 billion government-funded securitisation fund?
ACCC blitz: Visy, Cleanway and Suez change SME contracts over potentially unfair terms
An ACCC blitz has prompted Visy, Cleanaway and Suez to change their contract terms, over concern several clauses may have been unfair.
“Game-changing” government plan pledges $2 billion for capital-starved SMEs
The government has committed $2 billion to making it easier for SMEs to access finance while supporting the creation of a new commercial growth fund.
