Treasurer Josh Frydenberg has announced the government and major banks will be backing local business owners, with the establishment of an Australian Business Growth Fund. The government, ANZ, CBA, NAB and Westpac will each commit $100 million to the fund, while HSBC will contribute $20 million. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO)… Read more »
Check-in on the news that matters to small business owners as we unpack today’s headlines. Here’s what you need to know on Thursday, October 24 2019. Westpac remediation and misconduct costs to hit $2billion Finance analysts are tipping Westpac’s remediation costs following the fallout of the Royal Commission are set to hit $2 billion as… Read more »
More than half (53%) of small business owners are worried about being scammed Yet only a third train staff in scam awareness and prevention Australian SMBs lose an average of nearly $40,000 per scam Scams on small businesses are costing owners more than $20,000 a scam according to new research from Westpac. The Westpac State… Read more »
Research from Westpac has revealed small business owners are feeling more confident following the uncertainty of the Federal election, with one in five business owners believing the Morrison government will have a positive impact on business. Small business confidence has risen dramatically with 55 per cent of SMB owners saying they are optimistic and 44… Read more »
These new providers are disrupting the traditional lending model which as the online compete to give small businesses access to finance.