How to take control of your banking destiny

How to take control of your banking destiny

We regularly hear about how SMEs are powerless when it comes to dealing with banks but recent research conducted by East & Partners for Scottish Pacific highlights a number of ways in which SMEs can take greater control of their banking destiny. The research suggests that only 20% of SMEs review their banking on a […]

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Australian SMEs need & deserve a borrowers’ Bill of Rights

Australian SMEs need & deserve a borrowers’ Bill of Rights

Predatory lenders exist in the SME space just like the payday personal lenders. The risk is the less scrupulous operators will spoil an exciting new source of SME funding.  American small business borrowers now have a Bill of Rights which will afford significant protection from predatory lenders. US lenders which join the Responsible Business lending […]

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How to turn your bank manager into a raving fan

How to turn your bank manager into a raving fan

A bank manager who is a raving fan can do wonders for you but on the other hand if you get offside with them your business is never going to get the treatment it deserves. Over many years on both sides of the banking fence I have observed the behaviours of customers which turn bankers both on and off. Every SME […]

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The secret to securing funding

The secret to securing funding

This Fairfax Media article suggests one way of enhancing your prospects of getting a bank loan to buy a business is to buy a business which has a property attached to it. Whilst its true banks do like to lend against property we offer a cautionary note that most small business owners have a limited capacity […]

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Regional banks – Why SMEs prefer them to the Big Four

Regional banks – Why SMEs prefer them to the Big Four

Although the big banks still dominate the SME market, business owners are switching to regional banks in increasing numbers. Small business owners continue to be the most disadvantaged sector when it comes to dealing with the banks. East & Partners latest Business Banking Index survey, which monitors business customer behaviour towards banks, found SMEs (turnover […]

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Borrowing from family or friends to finance a small business – good idea or not?

Borrowing from family or friends to finance a small business – good idea or not?

Borrowing from family and friends is a very common way of financing a small business. Business owners approach family and friends different reasons. It might be that there is an immediate opportunity but there isn’t the time to get a bank loan or maybe the bank has said “no”. Borrowing from family and friends can be a quick […]

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Banks & Fintechs need each other

Banks & Fintechs need each other

The first bank to partner with a fintech could dominate  SME lending In 5 years time, Fintechs will dominate the market for unsecured small business loans up to $250k. There are thousands of credit worthy SMEs who are more than capable of servicing and repaying a loan of up to $250k but they can’t get […]

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The Banking and Finance Oath can help improve ethical standards

The Banking and Finance Oath can help improve ethical standards

Everyone who works in Banking & Finance should take The Oath. Established in April 2012 the Banking & Finance Oath contains a set of commitments that individuals working in the finance sector are encouraged to adopt and apply as personal principles in their work. To date just over 500 people have signed the oath which […]

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Fintechs provide competition in small business lending

Fintechs provide competition in small business lending

The emergence of disruptors using finance technology (hence fintechs) onto the SME lending scene is welcome news for the thousands of credit worthy small businesses which still struggle to get finance from banks.  These disruptors could well become dominant in unsecured lending to small business but they are not a panacea for all SMEs which find it difficult […]

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Welcome to our new website

Welcome to our new website

theBankDoctor is an independent Not for Profit online resource centre helping people better understand and deal with the challenges of funding a small business. We aim to make available a range of resources which will empower and inform you about how to finance your business in the optimal manner. For us, its all about getting information out […]

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