Home / News / Business cranky with their bank but staying put

Business cranky with their bank but staying put

30/07/2010

Research by East & Partners indicating that while there is growing dissatisfaction among small firms with their banks, fewer of them were prepared to switch lenders. Eighty per cent of responses from 525 firms in the $1 million-$20 million turnover category said their banks had shown little or no loyalty, while nearly half said the cost of loans had risen in the past six months.

Forty-two per cent said access to credit and the cost and conditions attached to lending were holding back expansion, compared with 23 per cent who said cash flow was the main hindrance and 20 per cent who cited lack of equity capital.

Source: Sydney Morning Herald



Previous Article  Next Article



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
eMoney Pro Pack 75 (loans below 75% LVR. Contact us for loans above this LVR) 6.08  
UHomeLoan - Refinance only (6.14%p.a incl 0.20%p.a lifetime Loyalty Discount) 6.14
State Custodians Standard Variable Offset Loan 6.22
IMB Budget Home Loan (No Application Fee) 6.27
MyRate.com.au - Advantage Rate Loan 6.35  
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS