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 […]
According to the RBA, lending to SMEs remains flat and demand by SMEs for credit is subdued.This is despite record low interest rates which the RBA says it won’t be looking to increase until 2024. So why aren’t more small businesses taking advantage of these rates? Will banks increase their lending. And what role can […]
After three months, just 4 per cent of the $40b available under this scheme has found its way into the hands of SMEs. Recognising this the Government has decided on three enhancements. 1. The term of guaranteed loans can be increased from three to five years. 2. SMEs can now borrow up to $1m from […]
As a nation we cannot continue to rely on privately owned banks to achieve public outcomes like supporting the vital SME sector. When push comes to shove, banks will always act in the best interests of their shareholders – and so they should. What we need is a government owned SME bank that can improve […]
The TFF is a timely and essential initiative that could be the key to helping thousands of small businesses avoid bankruptcy. The Government is putting a huge amount a faith in the banks’ ability and willingness to step up to the plate. They can’t compel them to lend but by providing the TFF they have […]
Tens of thousands of small businesses are facing imminent collapse as revenues tank and they run out of cash. Urgent action is required to avert the disastrous consequences which will follow. Sensible government intervention like travel bans should flatten the coronavirus curve but we need to also need to flatten the curve of small business […]
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