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SMEs need more support from lenders to grow: RBA

SMEs need more support from lenders to grow: RBA

by Nathan Osinski | Oct 7, 2019 | Business, Interest Rates

The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA). Since the RBA cut the official cash rate to a new record low of 0.75% on Tuesday, most of the...
Business loan rejection causing SME cash flow issues

Business loan rejection causing SME cash flow issues

by Nathan Osinski | Oct 3, 2019 | Budgeting, Business, Credit Rating, Taxation

More than one-in-five SMEs are having cash flow problems due to business loans being rejected, according to new research. The report, by market analysis firm East & Partners on behalf of Scottish Pacific, also shows just one in 10 SMEs believe they are on top of...
RBA cuts cash rate, but will the banks pass it on?

RBA cuts cash rate, but will the banks pass it on?

by Nathan Osinski | Oct 1, 2019 | Interest Rates, Mortgage Tips

The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you? RBA Governor Philip Lowe said this third rate cut in five monetary policy meetings was...

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