Small Business Loans stories
AI adoption among Australian SMEs to surge by 2026, survey finds
Fri, 14th Jun 2024
#
fintechs
#
financial systems
#
ai
A survey by Small Business Loans Australia reveals 25% of SMEs are using AI, with 60% planning adoption by 2026. NSW leads, while medium-sized businesses show the highest uptake.
1 in 3 SMEs say they wont survive 6 months into a recession
Wed, 20th Jul 2022
#
economics
#
small business loans
#
recession
34% of Aussie SMEs would not survive more than 6 months of economic downturn, with 14% unable to survive a recession at all.
Demand for business financing grows as businesses restock
Fri, 11th Mar 2022
#
government
#
financing
#
prospa
Australian small businesses, much like businesses everywhere else in the world, have been struggling since the beginning of the pandemic.
Prospa launches $45m facility to fund small business loans
Tue, 13th Aug 2019
#
smb
#
prospa
#
small business loans
Prospa has launched a new warehouse facility that will be able to fund loans for New Zealand’s small businesses.
SMBs – Do you know your financial support options?
Wed, 2nd May 2018
#
fintechs
#
financial systems
#
smb
Banks, small business lenders, payment providers and other fintech partners are constantly working on ways to support small businesses.
Reckon and Prospa hit $10 Million loan milestone for Aussie SMBs
Thu, 1st Mar 2018
#
fintechs
#
partner programmes
#
financial systems
The online lending market in Aus is has grown at unprecedented speeds, demonstrating the demand for quick and fuss-free access to business capital.
Aussie small business lending platform secures AU$5million in Series-A funding
Wed, 16th Aug 2017
#
capital raising
#
small business loans
#
truepillars
TruePillars’ allows multiple investors to fund small business loans of their choice with a minimum commitment of just AU$50 per loan.