Media Release: NSW SMEs hit hardest by rising wages and red tape costsScotPac
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.
Australian SMEs turn towards non-bank lenders to fund growth: ScotPac
Australian small and medium businesses are being urged to sit down with financial advisors and re-evaluate their options in 2023 as COVID-19 stimulus funding begins to dry up.
Non-bank funding replaces COVID stimulus measures for SMEs One in five plan to divest or merge opera
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. A further 20% of SMEs said they intended to divest or merge their operations in 2023.
Supply chain problems continue to plague SMEs
A new survey by SME lender ScotPac has found 100% of Australian SMEs have been hit by supply chain disruptions and, as a result, two in three are increasing their prices.
Supply chain issues drive SME alternate funding support: ScotPacMon, December 12, 2022 Australia  Debt ,Lending ,SME ,Supply Chain ,Supply Chain Financing
Rising inflation and increased costs are being offset — or absorbed — by Australian SMEs quite differently, ScotPac’s latest Growth Index has revealed.
Why Small Business is Big Business
In this feature, we're taking a look at the issues that are currently facing SMEs as we approach the holiday season and what brokers can do to help them out.
SME confidence showing green shoots
The loosening of COVID-19 restrictions has given small-to-medium sized businesses a confidence boost, with over half predicting an increase in sales to October, a new report shows.
46% of SMEs on track for business growth: ScotPac
Roughly one in every two SMEs are struggling to hit their 2022 business targets, with access to finance tipped as a key factor.