Small business lending continues to grow, Australian Banking Association says, as COVID-19 borrowing slump ends
The Australian Banking Association’s 2022 SME Lending Report also found the number of SMEs expanded across Australia despite the difficult economic conditions.
John Durie: For the first time in decades, small business lending is outpacing home loans
As home owners continue to face interest rate hikes, small business lending has powered ahead of home mortgages as the boom growth area for banks.
What do the latest recommendations on the Banking Code of Practice mean for SMEs?
Neil Slonim explains the effect the 116 recommendations made in the latest Banking Code of Practice review could have on small businesses.
Big banks are neglecting $120 billion need for SME lending, Judo Bank warns
Banks are neglecting the lending needs of SMEs and startups, according to Judo Bank chief executive Joseph Healy.
Carnell calls on Morrison to outlaw payment times in excess of 30 days for SMEs amid coronavirus invoice extensions
Payment times in excess of 30 days should be outlawed, Kate Carnell says, noting a deluge of big businesses using COVID-19 as an excuse.
Push to outlaw unfair contracts runs into 2020 as consultations kick off
The Morrison government will consider whether to outlaw unfair contracts for small businesses next year, over a year after its initial announcement.
Four questions for the banks: What the ACCC should investigate in its mortgage pricing inquiry
Treasurer Frydenberg has asked the ACCC to do another inquiry into the banks' pricing practices, and there are four questions it ought to be asking.
Major banks cop mortgage pricing inquiry as competitors nip at their heels
The ACCC has been directed to launch a mortgage pricing inquiry that will examine barriers for consumers looking to ditch the big banks.
“Holding back the economy”: What’s causing the SME credit drought?
An array of sources report that access to finance is worsening for Australian SMEs, prompting broader fears for the health of the economy.
A long-term game: What a bad credit score could mean for your business, and how to fix it
If you’ve ever applied for a loan or credit card, you’ll have had a credit check done on you. But what does this mean, and how does it affect a loan?
‘Blurred lines’: Businesses turn to consumer credit as access to finance worsens
Credit conditions for small businesses have worsened further over the last 12 months as housing prices fall, increasing risks for entrepreneurs.
“Logical step”: Unfair insurance contracts targeted in busy week for Treasury
In a busy week for government, unfair insurance contracts are on the agenda, alongside measures to restrict cash payments.