SME growth forecasts hit seven-year highs in wildly fluctuating market
The wildly contrasting predictions are contained in the latest round (Q3, 2023) of the country’s longest running SME pulse check, by ScotPac.
SMEs seek more Australian suppliers in supply chain resilience plans
More than a quarter (28%) of Australian SMEs plan to add new domestic suppliers in preference to international suppliers in the next 18 months to build greater supply chain resilience.
Alex.Bank continues to expand with the appointment of NSW/ACT BDM as it reports growth of 220% in the April quarter
Alex Bank, Australia’s newest digital bank, today announced the appointment of Oyishi Haque as Business Development Manager for NSW/ACT.
SME growth projections hit seven-year high of 56% in two-speed economy
56% of Australian SMEs are forecasting positive enterprise revenue over the next six months – the strongest growth outlook for the sector since March 2016.
NSW SMEs hit hardest by rising wages and red tape costs
Rising wages and compliance costs top the list of growing cost pressures for Australian SMEs, with small and medium businesses in NSW the most heavily impacted.
Non-bank funding replaces COVID stimulus measures for SMEs
A quarter of Australian SMEs added non-bank funding facilities in 2022 following the termination of government COVID stimulus and support programs, more than double the figure of 12% a year earlier.
Top three things SMEs want in a new lender in 2023
Speed, ease and dependable customer service! These are the common themes Australian SMEs are looking for when sourcing new business finance.
100% of Australian SMEs hit by supply chain disruptions – Two thirds increasing prices in response
ScotPac’s SME Growth Index Report reported experiencing some form of supply chain disruption in the six months to September 2022.
