Trends Report

Lenders Must Step Up To Save Small Businesses In Australia

April 23rd, 2020

Summary

Small businesses are experiencing a serious credit crunch and are struggling to keep the lights on. Although government stimulus packages come as a relief, anxiety is mounting as business owners can’t access these loans quickly. Small business survival hinges upon the ability of financial services firms to access governments’ funding facility quickly, build robust and simple automated credit assessment systems and processes, and optimize onboarding and disbursement of loans.

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