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SME

Prospa hires new GM to manage NZ business

by • 12 Mar 2019
The SME lender has announced that it has hired its first general manager to head up operations in New...READ MORE

Industry at loggerheads over SME definition

by • 1 Mar 2019
Small business ombudsman Kate Carnell has called for proposed changes to the definition of SME to be enshrined in the... READ MORE

ABA contests royal commission’s SME reform

by • 28 Feb 2019
The banking association is hesitant to support Commissioner Kenneth Hayne’s recommendation to change the definition... READ MORE

RC exacerbating SME funding woes

by Charbel Kadib • 22 Feb 2019
Access to credit for small businesses is expected to be hindered further off the back of the banking royal commission,... READ MORE

Government to legislate commitments to SMEs

by • 15 Feb 2019
The Coalition government has formally introduced two pieces of legislation in parliament designed to enhance the... READ MORE

Brokers to play key role in post-RC climate

by • 4 Feb 2019
SMEs will be increasingly looking to brokers to source alternative finance, with banks expected to have “more hurdles... READ MORE

$83bn SME funding gap exposed

by • 1 Feb 2019
New research has shed light on credit constraints in the SME space, compounded by a lack of trust in banking... READ MORE

Government opens consultation on $2bn SME fund

by • 7 Jan 2019
The federal government has announced that a bill designed to establish a $2 billion SME securitisation fund is open for... READ MORE

Commercial space not exempt from stricter credit policies

by • 28 Dec 2018
Tighter lending standards in the mortgage industry, imposed off the back of regulatory scrutiny, have been just as... READ MORE

Major banks ‘feeding’ off small businesses, says Ombudsman

by • 14 Dec 2018
The Australian Small Business and Family Enterprise Ombudsman has said she is concerned that major banks have been too... READ MORE

SME lender appoints new state manager

by • 12 Dec 2018
A cash flow finance provider has announced the appointment of a state manager to “spearhead” interstate sales... READ MORE

Court approves acquisition of SME lender

by • 10 Dec 2018
The $630 million takeover of a business lender is “legally effective” following the Supreme Court approval of the... READ MORE

80% of SMEs worried about cash flow

by • 7 Dec 2018
Eight in 10 small business owners have concerns related to cash flow, new research has found, with a small business... READ MORE

SME lender acquisition approved by shareholders

by • 7 Dec 2018
Shareholders of a debtor financier have voted to approve a $630 million takeover bid from a private equity... READ MORE

Growth of alt finance a ‘huge opportunity’ for brokers

by • 5 Dec 2018
Brokers can “future-proof” their businesses by capitalising on the continued growth of the alternative finance... READ MORE

SME access to finance drops to ‘five-year low’

by • 30 Nov 2018
Small and medium-sized businesses are continuing to struggle to access finance, with new data released by marketing... READ MORE

Westpac launches tool to speed up SME access to funds

by Jotham Lian • 30 Nov 2018
The major bank has launched an invoicing payment tool to provide SMEs “quicker access to funds” ahead of the... READ MORE

SME loan demand surges ahead of Christmas

by • 30 Nov 2018
SME loan applications were nearly 2.5 times above the monthly average in November, with demand highest among... READ MORE

Major bank unveils invoicing product

by Jotham Lim • 29 Nov 2018
A big four bank has launched an invoicing payment tool aimed at small businesses, as it prepares for the rollout of... READ MORE

Asset finance group rebrands

by • 27 Nov 2018
Asset finance services partner Platform Consolidated Group has rebranded to Platform Finance following the appointment... READ MORE

Top tips for finding SME clients: SME Broker Bootcamp

by • 23 Nov 2018
Several leading brokers working in the SME and business finance space have revealed their top tips for brokers looking... READ MORE

New asset finance app launches

by • 23 Nov 2018
Verimoto, launched by technology company Lakeba, has been created in a bid to make the loan application process more... READ MORE

New SME lender raises $31.5m

by • 19 Nov 2018
A three-month-old fintech has announced raising $31.5 million as it looks to serve a market that has long struggled to... READ MORE

Government peels more red tape to save SMEs $300m

by • 16 Nov 2018
SMEs are expected to save more than $300 million over the next four years under government plans to raise financial... READ MORE

Diversification the ‘only way’ to secure clients, says elite...

by • 16 Nov 2018
Offering more than mortgages is of increasing importance for brokers, and is “the only way you can really secure [a]... READ MORE

New small business ombudsman to settle disputes

by • 15 Nov 2018
The new Australian Financial Complaints Authority is to appoint a small business ombudsman dedicated to settling SME... READ MORE

No new protections needed for SME borrowers: Major banks

by • 12 Nov 2018
The major banks have told the royal commission that the current protections in place for SMEs are adequate, contrary to... READ MORE

Business loan growth could outpace mortgage decline

by • 9 Nov 2018
The grass is expected to be greener on the business side of lending, as residential lending continues to dry up due to... READ MORE

SMEs to increasingly lean on smaller lenders

by • 8 Nov 2018
Small businesses will be increasingly turning to smaller or specialist lenders in the aftermath of the Hayne royal... READ MORE

SMEs are leading in mental health and wellbeing programs

by • 7 Nov 2018
Small businesses are leading the way when it comes to having “optimal” mental health and wellbeing support, new... READ MORE