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SME lender crosses $10bn milestone

by Reporter • 21 Sep 2018

OnDeck has announced surpassing $10 billion in small business loans after 11 years in operation.

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Parliament approves $20k asset write-off extension

by Reporter • 14 Sep 2018
The Federal Parliament has passed legislation designed to extend the $20,000 instant asset write-off for small... READ MORE

RedZed’s first RMBS of 2018 gets rated

by Reporter • 14 Sep 2018
Moody’s has provided top provisional ratings to $313.13 million of RedZed’s first residential mortgage-backed... READ MORE

SME lender enlists former Treasury secretary to board

by Tas Bindi • 14 Sep 2018
Former Treasury secretary John Fraser will join the board of an SME lender that is currently seeking authorisation to... READ MORE

Business confidence down to 2-year low

by Reporter • 14 Sep 2018
Business confidence plunged to a two-year low in August, despite stabilising conditions, according to a major bank... READ MORE

Ombudsman publishes SME guide to borrowing from fintechs

by Tas Bindi • 14 Sep 2018

A new small business guide to borrowing from fintech lenders has been published by the ASBFEO.

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Financing struggles restricting SME growth

by Reporter • 7 Sep 2018
The growth aspirations of small business owners are being stifled by the difficulties they face when seeking to obtain... READ MORE

Market conditions ‘ripe’ for SMEs to buy commercial property

by Reporter • 7 Sep 2018
Now could be a good time for SMEs with SMSFs to acquire their business premises, a commercial lender has... READ MORE

Government inaction on asset write-offs could sting SMEs

by • 7 Sep 2018
Small businesses that have purchased assets since 1 July this year could be in for a rude shock, with parliamentary... READ MORE

ScoMo’s accelerated tax plan for SMEs to cost $3.6bn

by Tas Bindi • 7 Sep 2018
A leaked pre-election plan from the federal government shows that tax cuts for SMEs are set to be fast-tracked by four... READ MORE

SMEs scammed out of $2.3m so far in 2018: ACCC

by Reporter • 31 Aug 2018
Australian small businesses have reported losses of more than $2.3 million to scams this year, according to the... READ MORE

New Small Business Minister outlines policy agenda

by Reporter • 31 Aug 2018
“We will be behind you every step of the way,” Senator Michaelia Cash has said in her first speech after being... READ MORE

ACCC doubts effectiveness of unfair contract rules

by • 31 Aug 2018
The competition watchdog does not expect any meaningful shift in unfair contract terms imposed on small... READ MORE

Scottish Pacific reports 17.4% profit growth

by Reporter • 29 Aug 2018

The SME lender has bolstered its profit margin by 17.4 per cent, driven by a $2 billion rise in turnover.

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European fintech comes to Australia to target SME market

by Reporter • 24 Aug 2018
The fintech has announced the opening of its first Australian office in Sydney, with its sights set on the nation’s... READ MORE

Non-bank lender posts 5% drop in profit in FY18

by Reporter • 24 Aug 2018
Publicly listed non-bank lender FlexiGroup Limited reported a $4.8 million year-on-year decline in net profit in the... READ MORE

Two-thirds of businesses feel unprepared for ‘digital wave’

by Reporter • 24 Aug 2018
Approximately two-thirds of Australian businesses do not feel prepared for technology-driven globalisation, according... READ MORE

SMEs to be spared as government abandons tax plan

by Reporter • 24 Aug 2018
Australian businesses with turnovers of up to $50 million will still be the beneficiaries of proposed tax cuts, despite... READ MORE

Revenue rise spurred by growth in SME lending: NAB

by Reporter • 17 Aug 2018
The major bank has reported an increase in its underlying revenue over the third quarter of 2018, citing “good growth... READ MORE

‘Unnecessary array of taxes’ costing businesses, says professor

by Reporter • 17 Aug 2018
An “incredible and unnecessary array of taxes” that apply to businesses are giving rise to “complexity and... READ MORE

NSW and Victoria see weakest levels of business confidence

by Reporter • 17 Aug 2018
Business confidence rose in July, but the weakest levels of confidence were reported in NSW and Victoria despite their... READ MORE

Liberty Financial’s $300m RMBS gets rated

by Reporter • 14 Aug 2018
Moody’s Investor Service has provided top definitive ratings to $255 million of Liberty Financial’s latest... READ MORE

Changing prudential measures will open up SME finance: PC

by Tas Bindi • 10 Aug 2018
Standardising risk weightings, extending CCR to SMEs, and increasing data sharing are among the measures that the... READ MORE

SME fintech eyes broker channel following funding round

by Reporter • 10 Aug 2018
Debtor financier and cash flow management fintech Skippr has said that it will be focusing on the broker channel... READ MORE

CBA and Suncorp reveal SME lending results

by Reporter • 10 Aug 2018
The banks have outlined the underlying performance of their business lending divisions in their full-year 2018... READ MORE

Westpac commits $100m in ‘discounted’ loans to agribusinesses

by Tas Bindi • 10 Aug 2018
The major bank has announced its commitment to disburse $100 million in loans to eligible drought-affected agribusiness... READ MORE

Suncorp updates SME loan terms

by Tas Bindi • 3 Aug 2018
The non-major bank has made changes to its small business loan terms in a bid to make them “fairer”, while also... READ MORE

Ombudsman ‘disappointed’ with SME definition in new banking code

by Reporter • 3 Aug 2018
The Small Business Ombudsman is “disappointed” with the definition of an SME loan facility in the new Code of... READ MORE

Credit squeeze flagged as greatest threat to business growth

by Reporter • 2 Aug 2018
Australian businesses have flagged the lending crackdown as the greatest risk to growth, according to new... READ MORE

Marketplace lender joins aggregator panel

by Reporter • 2 Aug 2018
Wisr has become the latest lender to join the panel of Connective, enabling brokers to access its unsecured personal... READ MORE
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