Lobbying for Small Business

2022 Federal Election Series Part 4: Which is the best party for small business or are the minor parties and the independents a better alternative?

2022 Federal Election Series Part 4: Which is the best party for small business or are the minor parties and the independents a better alternative?

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 […]

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2022 Federal Election Series Part 3: What can small business business owners expect from the next government & is that what they really need?

2022 Federal Election Series Part 3: What can small business business owners expect from the next government & is that what they really need?

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. […]

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2022 Federal Election Series Part 2: What have the major parties done for small business?

2022 Federal Election Series Part 2: What have the major parties done for small business?

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 & […]

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2022 Federal Election Series. Part 1: What does the recent history of small business ministers and shadow ministers tell us?

2022 Federal Election Series. Part 1: What does the recent history of small business ministers and shadow ministers tell us?

“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 […]

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The financial and mental health toll on punch drunk small business owners is becoming intolerable. There is only so much they can bare.

The financial and mental health toll on punch drunk small business owners is becoming intolerable. There is only so much they can bare.

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 […]

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Capping the rate on Coronavirus SME loans makes no sense at all.

Capping the rate on Coronavirus SME loans makes no sense at all.

The Government will cap the rate of interest lenders can charge on loans under the Coronavirus SME Guarantee Scheme (SMEG) noting that the move “will prevent interest rate gouging”. Talk about throwing the baby out with the bath water! SMEG has been ineffective in allowing quick access to funding for small businesses that don’t have […]

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The Commonwealth should buy Judo Bank.

The Commonwealth should buy Judo Bank.

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 […]

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Pricing transparency is the elephant in the room issue for non-bank SME lenders.

Pricing transparency is the elephant in the room issue for non-bank SME lenders.

Borrowing from a non-bank SME lender will cost more than borrowing from a bank and to be clear, so it should. Non-bank lenders have higher cost of funds, they take more risk and very often they don’t take hard assets as security which means if the borrower fails, they usually face a 100 per cent […]

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Is the Australian Business Securitisation Fund a real solution to the funding woes of SMEs or just another political stunt?

Is the Australian Business Securitisation Fund a real solution to the funding woes of SMEs or just another political stunt?

The last piece of legislation passed before the previous Morrison Government went to the polls was the Australian Business Securitisation Fund (ABSF) Bill which makes $2b available to SME lenders over the next four years to kick start the development of a market for securitised SME loans. Will the ABSF which is administered by the […]

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Prospa shows why small businesses need non-bank SME lenders but challenges still remain

Prospa shows why small businesses need non-bank SME lenders but challenges still remain

The continued impressive growth achieved by Prospa post last year’s aborted IPO coinciding with the fall out from the Banking Royal Commission highlights just how important non-bank lenders have become for the future of Australian small businesses. Prospa is the dominant player in the online small business lending sector and the first to IPO. The […]

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