Posts tagged "sme loans"

The code covering SME lending requires a major overhaul to protect businesses from the power of the big banks, Australia's small business watchdog says.

"Cabinet-level" discussions are taking place about a solution to improve small business funding as momentum builds for commercial solutions.

The royal commission's interim report hasn't paid adequate attention to the experiences of small business owners, advocates say.

One in four business owners are looking at taking out a loan in the next 12 months, according to a recent SmartCompany survey. Whether the l…

A newly minted banking Code of Practice has been heralded as a win for small business in the aftermath of the banking royal commission.

Six Australian fintechs have signed a newly minted code of practice to improve transparency and bolster confidence in the small business lending space.

The second round of hearings from the royal commission into financial services confirmed what many have previously told SmartCompany: once a…

The banking royal commission has heard how the Commonwealth Bank delayed reporting a “glitch” that caused thousands of small businesses to be overcharged interest on bank overdrafts.

Mum-and-dad operators may struggle to sell their businesses in the future unless Australia tackles access to finance for SMEs, says the small business ombudsman.

Could you imagine your local council spending $50 million of ratepayers’ funds to become a 33% owner of a brand new bank?

Well, that�…

Small business lender Prospa is gearing up to hire an additional 100 employees in its next stage of expansion, after this week securing a $2…

Federal Small Business Minister Craig Emerson says the Government will focus on encouraging competition in the banking sector to improve acc…