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This year’s Budget is pivotal for many small businesses, amidst high inflation, elevated interest rates, difficulties finding labour and a reduction in demand across many sectors - it’s been an incredibly tough year.
The lender is turning down an increased amount of loan applications due to ATO-related debt.
A seasoned financial services consultant and product officer has joined the non-bank lender as its new chief financial officer.
Loan applications from retail businesses plummeted by almost 50 per cent during the December quarter as the economic downturn bites, according to new data.
SMEs need to “maintain a strong relationship with their broker” as they look to explore the lending market, according to the lender. Non-bank lender ScotPac’s recent SME Growth Index has found