Lending Woes Continue For SMEs
-
over a third of SMEs have experienced a lending rate increase during a six month period from October 2009 to April 2010
- the average increase experienced by this sector to their lending rate is 2.2 percent
Consequently, while 68 percent of SMEs are planning to borrow in the next six
months, this still remains relatively low when compared to the fact that over 80
percent of SMEs were planning to borrow in April 2007.
About East & Partners’ SME Banking Markets Program
East & Partners’ SME Banking Markets Report is an ongoing six-monthly research
service designed to deliver bank market share, wallet share, customer
satisfaction, mind share, engagement and churn analysis for banking products
among small to medium enterprises turning over A$1 to 20 million per annum. The
report is based on interviews with a structured sample of 1,500 SME enterprises.
For more information please contact:
Brett Williamson
Chief Operating Officer
East & Partners
t: 02-9004 7848
m: 0403 499 844
e: brett.w@eastandpartners.com
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