Hearing the words ‘interest-free’ is enough to grab the attention of many business owners across the country. And business lender, Moula will do just that with the announcement of its new payment platform, Moula Pay.
Archa, the consumer neobank turned business expense management platform, is touting its new smart business credit card as the solution to Aussie business’s financial admin needs.
Commonwealth Bank has unveiled a new digital invoice financing service called Stream Working Capital, which will let businesses access funds using outstanding invoices as loan security.
Westpac has confirmed it will be offering low-rate finance to Australian businesses under the Federal Government’s expanded SME Recovery Loan Scheme, which is due to commence 1 October 2021.
As you use your debit card or mobile wallet to tap and pay for your daily coffee, it’s easy to forget there are numerous costs associated with that simple action (and that you may be paying a small fee for this convenience). But small business owners will understand the financial commitment that comes with operating a cashless payment system.
Avenue Bank, a digital business bank with plans to shake up the SME lending sector, has been granted a restricted banking licence by the Australian Prudential Regulation Authority (APRA).
After going national with their Green Loan, CommBank continues with its zero emissions initiative by offering a green loan for commercial properties.
In a bid to help small businesses struggling to keep afloat amid ongoing lockdowns and border closures, the federal government has announced it will be expanding the eligibility criteria of the SME Recovery Loan Scheme.
Though the current lockdowns pose a fresh batch of challenges for Australian businesses, investment in new assets has skyrocketed, with CBA data revealing that asset finance lending was up 20 per cent in FY21.
NAB has launched a specialised business financing product for their Muslim customers, the latest result of a program that began five years ago.