Many Australian small business owners rely on external financing to fund business growth, but drawn out application processes and insufficient credit could put development on hold, according to new research from GetCapital.
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NAB have continued to grow its commitment to small Aussie businesses, recently adding an overdraft facility as part of its unsecured, self-service digital financing suite.
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There's a new breed of non-bank lenders revolutionising the business lending market in Australia and giving business owners more financing options and flexibility than ever before.
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Small business owners know that every dollar counts, and today credit card giant American Express has released a new piece of plastic dubbed the Business Explorer Card, aimed at getting SME owners more bang for their buck.
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Only 38% of Australian businesses process Amex transactions according to market research firm East and Partners, indicating that a significant number of small businesses are reluctant to offer their customers the payment option.
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New research from Officeworks and H&R Block has found that the majority of Australia’s small business owners are confused about the tax breaks available to them.
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ANZ is supporting a new payment code compelling the major bank, along with all businesses who opt in, to pay suppliers on time and within 30 days of receiving a correct invoice.
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Australia’s big 4 banks have commented on the implications of the Budget’s big bank tax, estimating it will cost them each an average $241 million after tax. But it’s unlikely the cost will touch bank or shareholder profits.
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Australia’s major banks have responded to the bank tax announced in the 2017 Federal Budget by saying that the cost will ultimately fall on the shoulders of customers and shareholders.
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Westpac has today announced it will scale back support for companies who contribute too much to climate change, effectively ruling out funding the Adani Group's controversial coal mine in Queensland.
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