Business lending

Encouraging regional areas of Queensland to “grow their own” workforces, the Queensland government’s latest initiative sees opportunities for investment in regional businesses.

Business lending has evolved and, according to one private lender’s managing director, is defined by speed and certainty.

The financial complaints body has urged small businesses to be cautious when dealing with unregulated lenders.

The non-bank has announced a digital banking solution catered towards business customers, with plans to begin offering business lending solutions.

A growing demand for the Small Business Debt Helpline is underscoring mounting financial pressure on business owners, with Australian Tax Office debt accounting for the majority of issues.

With interest rates lifting and the possibility of further increases still on the table, brokers are being urged to rethink their SME strategies amid a tightening economy.

The Morrison government has released its federal budget for the new financial year, including a range of initiatives targeting home ownership.

Recent data has highlighted compounding issues impacting the SME sector. Despite the recent interest rate cut, the future of business lending is uncertain.

A recent study has highlighted further disparity in the growth of residential and business lending, identifying a strong case for broker diversification.

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.

The business lending loan book growth of Aussie banks has far exceeded growth seen across owner-occupier and investor lending.

The arrangement aims to introduce its product across OZEDI’s 50,000-plus customer base.

Commonwealth Bank of Australia has grown its business lending loan book across the last financial half year, lending $25 billion in business lending, new funding and drawdowns.

The major bank’s home loan growth has straggled behind system growth while its business lending has accelerated.

A recent report has shown a steady number of brokers diversifying into commercial and business lending and an interest to continue.