Festive season turns frantic for SMEs

By OnDeck•11:53 AM, 12 Nov 2019•1 minute read

Promoted by OnDeck.

As Australians gear up for the peak spending period of the year, up to 58% of SMEs could be negatively impacted – but additional finance can often be the solution. And that means opportunities for brokers.

If Christmas 2019 is anything like last year, Australians will collectively spend around $51.5 billion between now and 25 December. Plenty of SMEs will be hoping a fair chunk of that spend goes through their cash registers. Surprisingly though, research by leading online SME lender OnDeck Australia shows that a holiday season isn’t always a cash cow for small businesses. Read more here.

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