Can Credit Cards help Small Business?

According to report in the Sydney Morning Herald today, Australians owe $45 billion on credit cards and are paying more than five billion dollars a year in interest.  Where does this kind of ‘debt trap’ leave small business? Accessing affordable funding is an ongoing issue for small business.  The RBA has previously reported that due to a lack of […]

The big lesson for small business arising from the Banking Royal Commission

The Royal Commission into Australia’s banking and financial services industry has highlighted the issues many business owners have faced in recent years — and it isn’t over yet. But it’s already taught us one thing: if you’re a small business, you might want to think twice about relying solely on the banks that earn billions […]

Is the Royal Commission putting at risk our entrepreneurial culture?

We read with interest this recent article from James Morton of The Advisor.  James highlights some of the issues around small business lending emerging as the Royal Commission unfolds. Throughout the Inquiry, Banks and Brokers are being painted as villains, with small business being led to take on too much risk.  The unfortunate fallout from […]