Judo Bank co-founder Joseph Healy to step down as CEO
Judo Bank co-founder and CEO Joseph Healy will depart the SME bank in the coming months, seven years after launching a financial institution designed to provide a better deal to entrepreneurs.
The government’s SME Recovery Loan Scheme is coming to an end. So who benefited?
With the SME Recovery Loan Scheme coming to an end on June 30, it is timely to reflect on its impact and the outlook for SMEs looking for finance in the months ahead.
John Durie: Banks could raise interest rates faster than RBA, as small business confidence expected to slump
The message has come loud and clear that more rate hikes are coming, and history says the banks will raise rates at a faster rate than the Reserve Bank to cover wholesale funding costs.
ScotPac to waive first three months of interest on loans to help SMEs ‘bounce back’
SME lender ScotPac will completely waive the first three months’ of interest on loans to small businesses offered through a new dedicated working capital fund that is launching today.
Judo Bank is a genuine player in SME lending, but is it right for your business?
Judo Bank is a classic gamekeeper-turned-poacher story involving former big bank executives taking on their old employers, who they say have lost the craft of relationship banking.
Evolving lending market boosts access to finance for SMEs: Productivity Commission
New lending models and technology developments over the past decade have led to more financing options for small businesses — and we’re likely only seeing the beginnings of the positive changes for SMEs.
Small businesses in ‘survival’ mode as access to finance remains a pain point
Small and medium businesses are bearing the brunt of ongoing lockdowns and many are now in “wait, survive and see” mode, says Reserve Bank governor Philip Lowe.
CBA to offer invoice financing to SMEs again in a market ripe for a comeback
The Commonwealth Bank is once again offering invoice financing to its customers, following the economic uncertainty brought on by the pandemic.
Federal Court finds CBA overcharged $2.2 million in interest on business accounts
CBA is facing penalties after the Federal Court found it charged business customers interest at more than double the rate they were advised.
Banks are awash with funds and we have record low interest rates, so why aren’t SMEs borrowing?
Why aren’t banks lending? Why aren’t small businesses taking advantage of record low rates? And will this change in 2021?
Ombudsman updates business funding guide to help SMEs recover from COVID-19
The Australian Small Business and Family Enterprise Ombudsman has released an updated version of its business funding guide.
Big four banks pass on the RBA’s rate cut, slicing interest on business and home loans
All of the big four have passed the RBA’s rate cut on to borrowers, effectively lowering interest rates on some business loans and fixed-term mortgages.
