Business Banking news and advice

All the latest business banking news and top tips to help stay up to date on business banking trends and products.

Big banks snub Morrison’s $1 billion small business fund

Big banks snub Morrison’s $1 billion small business fund

Prime Minister Scott Morrison’s $1 billion Business Growth Fund was supposed to be a boon to Australian small businesses. But it appears some of the major banks and superannuation funds are less than eager to throw their support behind the initiative.

Read More
You’re paying $6,007 extra interest on your business loan by staying with a big 4 bank

You’re paying $6,007 extra interest on your business loan by staying with a big 4 bank

After conducting a recent analysis on business loans, our Mozo experts found that the average Big 4 Bank business loan rate was 88 basis points higher than the average rate of challenger banks. Mozo data also revealed that this difference in interest rates means staying with a Big 4 bank could cost you an extra $6,007 in interest on a $250,000 business loan over 5 years*.

Read More