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Judo Bank to step up raid on majors’ business banking talent
Australian Financial ReviewJudo Bank will continue to raid major banks for their best business bankers as it ramps up SME lending despite uncertainties of the COVID-19 recovery.
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SME funding gap jumps 5%: Judo
The funding gap for SMEs with a turnover of between $1 million and $20 million has widened by $4.6 billion to $94.3 billion since 2019, according to a report.
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How Osko can help SMEs win the slow payment time battle
Strong revenue and profits are traditional hallmarks of healthy, growing companies, yet businesses can still go broke if their cashflow is inconsistent.
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Investigation: Asian SMEs suffered losses as high as 70,000 USD due to increased FX Fluctuations
Wed, September 30, 2020 Asia Singapore  East & Partners ,Financial Results ,Foreign Exchange ,SMEThe research results of Oriental Partners, a financial institution research company, pointed out that 64% of the interviewed companies admitted that they suffered at least one foreign exchange loss from mid-February to mid-August this year, indicating that this is a common problem. The amount of loss ranges from US$1,000 to US$71,400, which means that the average amount of each loss is about US$11,500.
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SMEs have options once JobKeeper lifeline is cut
You can’t blame business owners for being confused about how to manage their finance needs in the new world created by the COVID-19 pandemic, writes Peter Langham, CEO of Scottish Pacific.
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SMEs most likely to turn to brokers for buying assets
While SMEs look to brokers for help with their finances, research shows that this is particularly the case with buying or selling asset, plant and equipment.
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Debtor finance: A critical solution
While this expression is thrown around all too often, for small businesses staring into the challenges of 2020, it is a very real truth they are having to face.
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Getting paid has turned into a massive $776 billion problem for small business that’s getting worse
The time taken to pay small businesses has blown out in the wake of the coronavirus crisis, leading to the SME sector to call for federal legislation to ensure they can manage their cash flow effectively.