The government is said to be considering introducing a HECS-style loan scheme to ensure businesses remain viable once JobKeeper payments phase-out. Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the news. Carnell has been a long-time campaigner for a revenue contingent loan scheme. The ombudsman has called for such a program to… Read more »
Despite the government’s loan guarantee scheme, over a quarter of small businesses are being knocked back for finance according to results of a recent Sensis survey. Twenty-six per cent of small businesses have had their loan requests refused over the past three months according to the August Sensis Business Index. And if you’re a regional… Read more »
The government has widely touted its support for small businesses – most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term Funding Facility. Take-up was “increasing steadily”. The scheme gives banks ultra low-interest money (0.25% per year for three years)… Read more »
If you’re considering applying for a business loan, it pays to get all your ducks in a row. You want to scale your business, but you need finance to do it. However, applying for a loan requires some preparation. So, what does that entail? Watch the segment to discover what you will need to outline,… Read more »
Adopting digital transformation can be good for business. Recent studies show investing in new tech saves small business both time and money by improving productivity. Is it time you considered an upgrade? NAB’s Moments That Matter whitepaper reports that one in ten (12 per cent) SMEs are in a constant state of expansion and suggests… Read more »
Non-bank lending is on the rise in Australia, as small business owners look for a better deal.
Australia’s leading data-driven lending platform for small businesses, Moula, is gearing up for significant growth as SMEs want faster access to unsecured finance.