Business credit enquiries from small to medium businesses have grown steadily this year depsite over a third of SMEs having experienced a lending rate increase during the six months to April 2010, two separate surveys have shown.
It seems size really does matter in the corporate sector with larger businesses reporting a significantly higher level of satisfaction with their business banks as compared to their smaller counterparts, a survey says.
The WA Small Enterprise Network is calling on the government for policies that encourage greater use of alternative funding sources as small businesses continue to face difficulties in accessing credit.
Inglewood-based web design firm Bam Creative has become an employee-owned company with the majority of the firm's staff taking up the opportunity to become a business owner with much less risk usually associated with starting up a company from scratch.
An Australian business lobby group has called for a study into financing for small businesses, suggesting SMEs are taking an unfair hit on restricted access to finance, and the growing relative cost of small business finance.
Family business-owners expecting to turn a quick profit and fund their retirement through a trade sale may be in for a rude shock, according to the Survey of Family Business Needs 2006 launched by KPMG, Family Business Australia and Deakin University toda