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Banks feel the heat from new business lenders

New online business lenders are beginning to dent the outlook for banks' business divisions, with close to 40 per cent of small businesses considering using alternatives to the banks.

Banks feel the heat from new business lenders
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East & Partners' March quarter survey of senior business managers shows 25 per cent of the 1,000 businesses it polled had applied for loans at non-banks.

Read the full story at The Sydney Morning Herald.

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