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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

Lender raises $140m to secure march into SME space

by Reporter • 2 Aug 2018
An emerging small business lender has announced that it has finalised its first round of equity raising at $140... READ MORE

PC weighs in on impacts of open banking on SMEs

by Reporter • 27 Jul 2018
Open banking may lead to a dependence on “hard data”, which would prompt some lenders to invest more in customer... READ MORE

Ombudsman calls for greater support for drought-affected SMEs

by Tas Bindi • 27 Jul 2018
The Small Business Ombudsman has called for a major bank to extend its support to small businesses in rural and... READ MORE

Why brokers need to rethink their self-employed clients

by Reporter • 27 Jul 2018
Brokers are potentially opening their businesses up to “massive risk” by missing out on the business needs of their... READ MORE

NAB announces changes for agribusiness customers

by Tas Bindi • 25 Jul 2018
The major bank has announced three key changes in a bid to better serve its agribusiness customers in regional and... READ MORE

SME lender obtains $75m to refinance book and boost business

by Reporter • 20 Jul 2018
OnDeck has closed a $75 million asset-backed revolving credit facility from Credit Suisse in a move to refinance its... READ MORE

Consultation launches on ‘modernising’ the ABN system

by Reporter • 20 Jul 2018
The federal government has today launched a consultation on changes to the Australian Business Number system, which... READ MORE

Regional businesses seeing growth through innovation

by Reporter • 20 Jul 2018
Optimism among regional businesses is growing as they increasingly identify opportunities for growth... READ MORE

Aggregator to roll out new asset finance offering

by Reporter • 20 Jul 2018
AFG has announced that it will be introducing asset finance options to its suite of commercial finance products on its... READ MORE

Specialist lenders and brokers bolstered by tough credit market

by Reporter • 20 Jul 2018
Securing finance is becoming tougher for small business clients, with both specialist lenders and brokers confirming... READ MORE

Regional bank asks APRA to change agribusiness standards

by Tas Bindi • 19 Jul 2018
Bendigo and Adelaide Bank has called on the prudential regulator to amend standards around agribusiness lending to... READ MORE

Regulation of SME space ‘a good thing’

by Reporter • 13 Jul 2018
ASIC’s work into SME lenders and regulation of the space should be welcomed and could improve the industry, the heads... READ MORE

Business confidence steady in June: NAB

by Reporter • 13 Jul 2018
The month of June saw NAB’s business confidence index drop a point lower while business conditions edged a point... READ MORE

Aggregator and P2P lender launch online car loans for brokers

by Reporter • 13 Jul 2018
Connective and RateSetter have joined forces to launch an online consumer car finance product specifically for the... READ MORE

NAB provides $50m to SME lender

by Reporter • 11 Jul 2018
The big four bank has set up a $50 million special purpose vehicle with SME lender GetCapital to help fund more loans... READ MORE
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