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Ombudsman ‘disappointed’ with SME definition in new banking code

The Small Business Ombudsman is “disappointed” with the definition of an SME loan facility in the new Code of Banking Practice recent...
July 21, 2019

Australian businesses have flagged the lending crackdown as the greatest risk to growth, according to new research.

August 01, 2018

Wisr has become the latest lender to join the panel of Connective, enabling brokers to access its unsecured personal loans.

August 01, 2018
An emerging small business lender has announced that it has finalised its first round of equity raising at $140 million, claiming that the fresh capital would enable it to serv...
August 01, 2018
Open banking may lead to a dependence on “hard data”, which would prompt some lenders to invest more in customer relationships with SMEs in order to gain a competitive edge,...
July 27, 2018

The Small Business Ombudsman has called for a major bank to extend its support to small businesses in rural and regional areas affected by drought.

July 27, 2018
Brokers are potentially opening their businesses up to “massive risk” by missing out on the business needs of their self-employed clients, the head of commercial broking at ...
July 26, 2018
The major bank has announced three key changes in a bid to better serve its agribusiness customers in regional and rural Australia, after conceding that, in some cases, it has ...
July 24, 2018

OnDeck has closed a $75 million asset-backed revolving credit facility from Credit Suisse in a move to refinance its loan book and support future originations.

July 20, 2018

The federal government has today launched a consultation on changes to the Australian Business Number system, which suggests imposing conditions on holders.

July 20, 2018

Optimism among regional businesses is growing as they increasingly identify opportunities for growth through innovation, according to new research.

July 20, 2018

AFG has announced that it will be introducing asset finance options to its suite of commercial finance products on its new business platform.

July 19, 2018
Securing finance is becoming tougher for small business clients, with both specialist lenders and brokers confirming they are increasingly picking up business in this area. ...
July 19, 2018

Bendigo and Adelaide Bank has called on the prudential regulator to amend standards around agribusiness lending to better reflect different cash flow cycles.

July 18, 2018
ASIC’s work into SME lenders and regulation of the space should be welcomed and could improve the industry, the heads of a financial services company specialising in asset fin...
July 13, 2018
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