News

Banks to defer billions in payments on small business loans

- March 20, 2020 2 MIN READ

Australian Banking Association CEO Anna Bligh said to help small businesses impacted by Covid-19, banks will offer all small businesses with business loans a deferral of payments for six months. Bligh said this was put in place to help those most in need. The package is set to deliver across $100 billion worth of business… Read more »

News

Government invests $15billion in support of small business lending

- March 19, 2020 2 MIN READ

The Morrison Government today announced an investment of up to $15 billion to enable smaller lenders to continue supporting Australian consumers and small businesses. The Government’s actions will enable customers of smaller lenders to continue to access affordable credit as the world deals with the significant challenges presented by the spread of coronavirus. Small lenders… Read more »

News

Online lender Prospa surpasses $1 billion in small business lending

- March 18, 2019 2 MIN READ

Online lender Prospa continues to cement its place as a small business lender with the announcement it has surpassed $1 billion in loans to over 19,000 Australian  small businesses. Unlike the big four banks who received considerable reputational damage following the finding of the Royal Commission into Banking, Prospa’s customer satisfaction remains consistently high with… Read more »