Banks fail government on small business credit
The banks’ unwillingness to provide cash flow lending to SMEs will condemn the government’s asset write-off provisions to failure, according to a leading fintech expert.
“The expansion of instant asset write-off announced in the budget should be a huge growth engine for small business and the economy. Instead it will probably ‘die in a ditch’ thanks to the big banks,” said eBroker.com.au CEO Simon Isaacs.
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