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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.
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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.
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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.
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Supply chain issues drive SME alternate funding support: ScotPac
Rising inflation and increased costs are being offset — or absorbed — by Australian SMEs quite differently, ScotPac’s latest Growth Index has revealed.
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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.
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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.
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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.
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