COSBOA calls for loan rejection transparency in new lending code
COSBOA Calls for Greater Transparency in Loan Rejections to Empower Small Businesses
COSBOA Calls for Greater Transparency in Loan Rejections to Empower Small Businesses
New CreditorWatch paper addresses ways commercial lenders can use unique data to lend with greater confidence.
Changes in the lending landscape over the last decade have opened doors for a wide range of finance options available for small businesses that do not require property as security, according to a new analysis by Productivity Commission
Together with regulation and market demand, technology has played a prominent part in the rise and growth of SME lending among such industry leaders as Prospa, Moula, Lumi, Capify and others…
Demand, competition and technology are driving seismic changes in the financial landscape, with power heading from the banks to the people…
RBA statistics for April recorded the slowest annual growth in credit for mortgages since the data was first collected in the late 1970s. The growth of lending to businesses flatlined in April while personal loans retreated for the seventh month in a row and annual property credit plummeted to unprecedented lows, central bank statistics suggest. The […]
This year we have seen a significant power shift for consumers, with the government investing heavily in heightened financial protections. Through thorough reviews of bank reforms and consumer lending policies, control is slowly being readjusted back into the hands of the Aussie public. In fact, the 2019 Coalition government’s budget pledged $640 million to continue […]
Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital […]
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that […]
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is now made especially relevant with the federal budget announcement later today. The anonymous and aggregated data is collected monthly from hundreds of thousands of Xero’s Australian subscribers through the Xero platform. […]