Thousands of Australian SMEs face survival test as rising costs and ATO collections accelerate insolvencies: ScotPac report
A quarter of Australian SMEs have conceded they could be tipped into insolvency risk if they suddenly lost just one key client or supplier.
Credit demand surges with 94% of SMEs seeking new capital: ScotPac
Credit demand is strong for the 40% of SMEs described by their owners or managers as being in a growth phase.
ScotPac and APositive forge alliance to drive growth for recruitment and labour hire businesses
ScotPac and APositive partner to provide a suite of critical services to businesses in the $20 billion recruitment and labour hire sector.
ScotPac launches Cash Line funding solution to turbocharge SME cash flow
Cash Line operates like a flexible line of credit, providing eligible businesses with fixed-limit credit over a minimum 12-month period.
80% of SMEs now have a secondary working capital provider as business investment plans hit four-year highs: ScotPac
The insights are contained in the latest round of the country’s longest running SME pulse check, the bi-annual SME Growth Index by ScotPac.
ScotPac and Ebury partner to help Australian businesses grow their global footprint
ScotPac and Ebury have announced a new partnership aimed at making trading on a global scale faster and more accessible for all businesses.
National wage increases prompt major changes to SME staffing approach: ScotPac
Almost 70% of SME owners plan to reduce their intake of new employees in response to cost pressures following national wage increases introduced in July.
ScotPac doubles online Boost Business Loan cap to $500,000
ScotPac has increased the limit of its online Boost Business Loan product from $250,000 to $500,000 in response to strong borrower demand.
