Access to credit critical to small business survival: Ombudsman
The Australian Small Business and Family Enterprise Ombudsman welcomes the decision to provide some non-bank lenders with access to the SME Guarantee Scheme
Wisr surpasses $200 million in loan originations
Neo-lender Wisr has surpassed $200 million in loan originations. The milestone was reached with all Wisr employees working from home since mid-March 2020.
Prospa receives access to Federal Government’s SME Guarantee Scheme to support thousands of small businesses
The Federal SME Scheme is designed to support smaller businesses who are considered by the lender as being viable in the longer-term.
New research: 4 in 5 businesses believe lenders will not deliver Government-backed loans in time
New research reveals businesses’ lack of confidence in lenders to deliver the new Government-backed loans in a timeframe that will guarantee their survival.
How non-bank lenders are pivoting amid COVID-19
The non-bank sector in Australia has been particularly hurting as wholesale funders and investors reduce their risk appetites.
Lending platform CEO: Banks must partner with new technologies to avoid delays in SME funds
Lend.com.au warns that banks must partner with new technologies like fast, AI-powered lending platforms to deliver the new Government-backed loans to SMEs.
Banks should partner with fintechs on SME loans: Lumi
Unsecured lender Lumi is calling on government and the banking community to partner with fintechs on SME loans.
Peer-to-peer invoice finance marketplace Grapple to take on big players
Australia’s first online marketplace for facility invoice financing Grapple says the company can scale up quickly and take on major industry players.
