Small business lending continues to grow, Australian Banking Association says, as COVID-19 borrowing slump ends
The Australian Banking Association’s 2022 SME Lending Report also found the number of SMEs expanded across Australia despite the difficult economic conditions.
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.
SME Loan Recovery Scheme extended to June 2022
The federal government is extending the SME Loan Recovery Scheme for another six months, until after the election.
ScotPac to launch property-secured home and business loans for SMEs
Small and medium business lender ScotPac is launching a suite of new products, including property-secured home and business loans for the self-employed.
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.
Changes to the government’s SME loan scheme kick in today. Here’s what SMEs need to know
More SMEs are now eligible to apply for business loans under the federal government’s SME Recovery Loan scheme, but will lending rates under the scheme actually improve?
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.
SME Loan Recovery scheme expanded, JobKeeper requirement removed
The federal government is expanding its SME Recovery Loan Scheme, removing requirements for businesses to have received JobKeeper this year or to have been affected by flooding.
Four finance options outside the banks: How to navigate alternative lenders
Need to access cash quickly, and your overdraft facility isn't an option? Here are four alternative finance options, and how to evaluate them.
New SME loans scheme a missed opportunity
The federal government had an opportunity to develop a post-JobKeeper support package that would genuinely help SMEs, but this week's announcement wasn't that.
