Quantcast
au iconAU

 

 

Claims major banks reject one in four small businesses for loans

Challenger bank Judo has claimed that one out of every four requests by small to medium businesses for loans is rejected by the big banks, in what it described as a sign of "significant market failure".

Claims major banks reject one in four small businesses for loans
smsfadviser logo
Claims major banks reject one in four small businesses for loans

Judo's 2019 SME Banking Insight Report found Australian SMEs are facing a funding gap of $91 billion, up from $83 billion last year.

Read more at The Age

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox