Westpac aims to loan businesses $1bn in next six weeks
(1 September 2011 – Australia) Westpac launched a new Business Boost campaign this week, aiming to lend A$1 billion to Australian businesses by the end of September.
The Business Boost campaign offers a range of incentives for commercial businesses and small enterprises wanting to position themselves for future growth. These incentives include Westpac paying up to A$20,000 in certain transition costs for business loans of A$250,000 or more refinanced to Westpac.
Westpac RBB Group Executive Rob Coombe said that Business Boost was the third stage of the bank’s extended campaign to support the future growth and prosperity of Australian businesses.
"Westpac is open for business - we want to lend one billion dollars to Australian businesses in the next six weeks," Mr Coombe said.
"We believe that the fundamentals of the Australian economy, such as our low unemployment rate, high terms of trade and high savings rate remain sound, despite the nervousness which is apparent in economies overseas."
Westpac’s Business Boost offer is open to all small and commercial businesses across Australia. Incentives for commercial businesses include:
• Fast-tracking their loan application
• Westpac paying up to $20,000 in certain transition costs for customers refinancing from another lender
Incentives for small-business customers include:
• 70,000 small businesses will receive a special invitation to apply for loan amounts up to $250,000, available on either Westpac’s Business Equity Access Loan or Business Loan.
• Westpac paying up to $20,000 in certain transition costs for customers refinancing from another lender.
"Business Boost is our customer’s chance to lock in a great deal. We want to give our customers the confidence to get on the front foot," Mr Coombe said.
"We want to remind our customers that we stand behind them to secure the longevity of their businesses," Mr Coombe said.
Westpac RBB Group Executive Rob Coombe said that Business Boost was the third stage of the bank’s extended campaign to support the future growth and prosperity of Australian businesses.
"Westpac is open for business - we want to lend one billion dollars to Australian businesses in the next six weeks," Mr Coombe said.
"We believe that the fundamentals of the Australian economy, such as our low unemployment rate, high terms of trade and high savings rate remain sound, despite the nervousness which is apparent in economies overseas."
Westpac’s Business Boost offer is open to all small and commercial businesses across Australia. Incentives for commercial businesses include:
• Fast-tracking their loan application
• Westpac paying up to $20,000 in certain transition costs for customers refinancing from another lender
Incentives for small-business customers include:
• 70,000 small businesses will receive a special invitation to apply for loan amounts up to $250,000, available on either Westpac’s Business Equity Access Loan or Business Loan.
• Westpac paying up to $20,000 in certain transition costs for customers refinancing from another lender.
"Business Boost is our customer’s chance to lock in a great deal. We want to give our customers the confidence to get on the front foot," Mr Coombe said.
"We want to remind our customers that we stand behind them to secure the longevity of their businesses," Mr Coombe said.
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