Part of the reason why SMB owners are choosing to forgo a business loan is the amount of documentation required, with 80 percent stating it was onerous.
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.
Credi is working with lenders and borrowers who don’t traditionally see themselves in those terms – friends and family who simply lend each other money.
Australian startup Bigstone has today announced the launch of its online lending marketplace to offer the best small business loans in the country. The startup aims to help fill the $2.4 trillion credit gap in the SME lending market by giving small businesses a better risk adjusted rate of return.