With the SME Recovery Loan Scheme coming to an end on 30th June, it is timely to reflect on its impact and the outlook for SMEs looking for finance in the months ahead. Launched in March 2020, the Scheme was introduced to enhance the ability of lenders to extend credit to SMEs. The first iteration […]
Unfortunately, the appointment of Julie Collins as Minister for Small Business does not imbue confidence that the Albanese government will prioritise small business. ALP won government with 77 seats, and now has a two seat majority in the House of Representatives. But with less than one in three people voting for them, Labor should be […]
This is the final article in theBankDoctor’s four part Election Series. If you missed any of the first three articles you can read them here. “What does the recent history of small business ministers & shadow ministers tell us?” “What have the major parties done for small business?” “What are small business owners likely to […]
This is the third article in theBankDoctor’s 4 part Election Series. If you missed the first two articles you can read them here. “What does the recent history of small business ministers & shadow ministers tell us?” “What have the major parties done for small business?” Small business owners have had a mixed time over COVID. […]
theBankDoctor’s Election Series aims to assist small business owners form a considered view as to which is the best party for small business This is the second article in theBankDoctor’s four part Election Series. If you missed the first article you can read it here: “What does the recent history of small business ministers & […]
“The Morrison government is the best friend small business can have,” says Stuart Robert, the Minister for Employment, Workforce, Skills, Small and Family Business. Meanwhile, his Labour counterpart Richard Marles described Labour as the party of small business claiming “the Morrison government has taken the small business for granted for too long”. With the election […]
Judo Bank is a classic gamekeeper turned poacher story involving former big bank executives Joseph Healy and David Hornery taking on their old employers who they say have lost the craft of relationship banking. Having earned its banking licence in 2019, Judo has grown from scratch to a loan book of $3.5 billion. It expects to […]
This time last year pundits, myself included, were convinced tens of thousands of small businesses would fall off an insolvency cliff once government support was wound back. But it did not happen and as mind boggling as it may seem, personal and business insolvencies are both down by around 50 per cent. Nearly all businesses that took […]
Every now and then something happens in our lives that challenges us to take a stand. This happened to me in 2018 when out of the blue I received a phone call from Roly Newman, a former client who I had not seen since my days at Bank of New Zealand (BNZ) some thirty years […]
Frank Costa was the embodiment of traditional family values, for him family was everything. At the same time he was a business leader way ahead of his time. He practiced values based leadership long before it became a fashionable management buzz word. Likewise was his mantra of “Hire for character, train for skill”. Frank could […]
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