Business must switch to myGovID

By Paul Wickham, Senior SMSF Tax Advisor, Boxing Clever. Business and SMSF tax deadline approaching: AUSkey retiring in March If you use the ATO’s Business [...]

POSTED ON February 18, 2020
Trending Financial News 15 January 2020

NAB gives cash to bushfire victims and businesses National Australia Bank is spending $5 million on immediate relief to business and agriculture customers affected by [...]

POSTED ON January 15, 2020
Trending Financial News 2 December

Business lending is in the doldrums The latest Reserve Bank data shows a fall in the value of lenders’ business loan portfolios for the first [...]

POSTED ON December 2, 2019
Top small business loans in November 2019

Your guide to getting a small business loan Business loan rates have not fallen as far as RBA’s cash rate and rates on business savings [...]

POSTED ON November 14, 2019
How to check your business credit score

Did you know your small business has its own credit score, separate to you, the business’s owner? Most Australian small business owners do not know [...]

POSTED ON November 12, 2019
Review of OnDeck business loans

Easy unsecured loans for small business is the aim of OnDeck Capital. OnDeck opened for business in Australia in 2015 and specialises in unsecured loans [...]

POSTED ON November 11, 2019
Four great Unsecured Small Business Loans

When you’re looking for finance for business purposes, there’s a few factors to consider. You need to minimise the costs of the finance while maximising [...]

POSTED ON August 20, 2019
Fast Loans for Small Business

With many business loans, you might find that the turnaround time for your application can be anything from a few days to a few weeks. [...]

POSTED ON August 5, 2019
Business customers vote for Westpac & Bendigo

The latest Roy Morgan Research business banking satisfaction survey shows all but a couple of banks suffering a fall in their ratings since the start [...]

POSTED ON June 15, 2012
Business customers like big banks again

Business customer satisfaction with the big banks climbed to a record last month, continuing a trend seen throughout this year according to DBM. By contrast, [...]

POSTED ON December 29, 2011
Business chases debt in 2011

Australian businesses are reducing their exposure to credit risks as they struggle with cash flow problems, a report has found. According to the Veda 2011 [...]

POSTED ON December 14, 2011
Westpac/St George looking for new business

Westpac fired the latest salvo in the battle for business banking customers with its offer to waive all establishment fees on loans over $10,000 and [...]

POSTED ON June 14, 2011
Small business gets help looking for finance

The government has boosted advice to small business as it acknowledged problems for them getting credit. Small Business Minister Nick Sherry said an advice telephone [...]

POSTED ON May 17, 2011
Westpac and CBA target NAB business customers

The latest APRA lending figures show that the long-awaited rebound in business credit has started. NAB is Australia’s leading business bank with market share in [...]

POSTED ON April 20, 2011
Small business lending scrutinised

The Senate Economics Reference Committee’s inquiry into small business access to finance found that the supply of finance to small business had tightened over the [...]

POSTED ON July 16, 2010
Small Business customers like NAB and St George

The monthly Business Banking Customer Satisfaction Monitor published by East & Partners shows that small businesses rate their banks, as of November 2009, at 4.44 [...]

POSTED ON January 28, 2010
Business turning against NAB

The TNS Business Finance Monitor (BFM) has shown a long-term improvement in business customers’ satisfaction with their banks since the BFM started in 2001. Looking [...]

POSTED ON October 27, 2009
As good as it gets for SME lending

Forty four per cent of SMEs are paying between 6-8 per cent on their business loans and thirty six per cent are paying over 8 [...]

POSTED ON June 25, 2009
Business breakdown no more common

Business insolvencies are an increasingly frequent item in the daily noise of media reporting or so it would seem, but official data on the incidence [...]

POSTED ON June 5, 2009
Business customers turn away from St George

St George Bank has suffered a heavy fall in its satisfaction rating among business customers, according to the latest TNS business banking customer satisfaction report. [...]

POSTED ON April 21, 2009
Less business means wage cuts at CBA

Commonwealth Bank has announced unilateral and across the board cuts in real wages for the forthcoming financial year. CBA advised staff in Australia that it [...]

POSTED ON April 20, 2009
St George offering business mentoring

St George Bank is again running its Small Business Mentor Program competition, together with ActionCOACH. The program, now in its second year, aims to provide [...]

POSTED ON April 15, 2009
ATO checks in on businesses for super obligations

Concerns that businesses may be tempted to avoid their legal obligations in providing compulsory superannuation contributions to their employees as they battle financial hardships has [...]

POSTED ON March 13, 2009
ANZ wants to lend more to small business

ANZ has announced it will increase lending to small and medium businesses by $8 billion, equal to the total amount of new lending to SME's [...]

POSTED ON February 24, 2009
SGB’s business customers oppose WBC’s takeover

Commonwealth Bank will assume leadership in the business banking market when it takes over BankWest. CBA/BankWest will hold 24.4 per cent of primary transaction banking [...]

POSTED ON October 14, 2008
NAB funds youth business

Small business owners under 30 years old with no business track record are being offered micro-enterprise loans by National Australia Bank. The non-profit group Enterprise [...]

POSTED ON September 30, 2008
Heritage looks to agribusiness

Toowoomba-based Heritage Building Society yesterday reported a five per cent increase in net profit to $20.5 million for financial year 2008, though a $6.5 million [...]

POSTED ON September 26, 2008
Banks shun well run small businesses

Profitable and well run small and medium sized businesses are having their loan and credit applications rejected by banks who have tightened their lending criteria [...]

POSTED ON September 22, 2008
Commonwealth loses business customers

Commonwealth Bank share of business lending fell during the 2007/08 financial year - from 12.4 to 12.2 per cent if you follow the APRA figures; [...]

POSTED ON August 14, 2008
Consumers and businesses disagree over ASIC

Consumers believe that the Australian Securities and Investments Commission should not be so cautious when prosecuting companies, while businesses believe that the regulator should work [...]

POSTED ON May 19, 2008
States agree on business reporting and securities

The state governments have reached agreement on a project which will streamline the financial reporting businesses have to submit to regulators and tax agencies. The [...]

POSTED ON March 28, 2008
Businesses looking at lower profits

Rising interest rates have reduced the sales and profit expectations of businesses. A survey of 800 firms by Dun and Bradstreet found that the index [...]

POSTED ON March 11, 2008
Bad time to sell businesses

There are 25 per cent more businesses for sale now than there were last quarter, and 46 per cent more than there were a year [...]

POSTED ON February 11, 2008
Business spending eases

Business investment is easing with a fall of 6.5 per cent in private sector investment in the September quarter. Senior strategist at TD Securities, Joshua [...]

POSTED ON November 30, 2007
Drought assistance for farmers and businesses

In a package of drought assistance announced by the federal government yesterday, the largest component the allocation of $170 million to assist 1,000 farmers who [...]

POSTED ON September 26, 2007
A third of businesses hurt by drought

The D&B National Business Expectations survey has reported that 33 per cent of manufacturing, wholesale and retail companies say the drought is affecting them. The [...]

POSTED ON February 13, 2007
Business outlook worries VECCI

The Victorian Employers' Chamber of Commerce and Industry (VECCI) has released its latest quarterly survey on business trends and prospects. The survey shows that businesses [...]

POSTED ON January 29, 2007
Businesses market socially responsible programs

This year there are many businesses with corporate social responsibility programs. The drought has become a major focus for businesses, including ANZ, Woolworths and Coles. [...]

POSTED ON January 22, 2007
The booming business of phishing

The business of "phishing" has a much higher success rate than previously estimated, according to a controversial new US study. A single phishing attack can [...]

POSTED ON October 18, 2006
Micro business delinquent tax debtors

The Australian Taxation Office is one of the unheralded financiers of the business sector, though the rate of growth in credit supplied by the ATO [...]

POSTED ON October 27, 2005
On the spot business loans a winner for NAB

In an interview with Dow Jones, National Australia Bank’s executive manager business products and services, Bruce Munro, said NAB’s business banking market share has increased [...]

POSTED ON July 26, 2005
Small business customers on the move

Twelve per cent of micro business customers said they would definitely change banks during the next six months, while 20 per cent said it was [...]

POSTED ON February 23, 2005
Producers lag service providers in agribusiness value

Companies further up the agribusiness production chain produced greater returns for investors than basic producers, research by Australian Agribusiness Group into listed agribusiness companies has [...]

POSTED ON November 1, 2004
More businesses to score bank loans

The introduction of credit-scoring by the big banks for small business loans may make it easier for SMEs without sufficient security or business history to [...]

POSTED ON August 3, 2004
ING extends online account to business

ING Direct has introduced a similar high-interest online savings account for businesses to that available to consumers since 1999. The Business Optimiser offering is an [...]

POSTED ON March 31, 2004
ATO to get tough on small business

The Australian Taxation Office will crack down on micro and small businesses this year with plans to conduct audits on thousands of small enterprises. The [...]

POSTED ON February 23, 2004
Changing loans a costly business

Finance experts say homebuyers should sit tight and resist the temptation to change lenders unless there's a compelling reason to do so. They say the [...]

POSTED ON December 8, 2003
New GST hit to small business

More than 60,000 small and medium-sized businesses will be contacted by the Australian Taxation Office by June 30 and questioned on a little-known GST element [...]

POSTED ON May 5, 2003
Members Equity launches online business account

Members Equity has launched an at-call online savings account for business offering a higher rate of interest in return for internet access to funds only. [...]

POSTED ON April 17, 2003
Business booming for non-conforming lenders

Business is booming for non-conforming lenders, which provide home loans to people rejected by mainstream lenders. Liberty Financial has raised $1.1 billion over the past [...]

POSTED ON September 10, 2002
Vic family businesses optimistic on prospects

While big business confidence is down and conditions appear to be worsening, a survey in Victoria by Deloitte Touche Tohmatsu has found that more than [...]

POSTED ON July 23, 2002
ACCC wins support of small business

The Fair Trading Coalition, made up of 14 small business groups, will today call for greater policing powers for the ACCC and reforms allowing small [...]

POSTED ON July 15, 2002
GST remains burden for small business

The GST was introduced into Australia two years ago today - and small to medium-sized businesses are still having trouble with it, according to Greg [...]

POSTED ON July 2, 2002
St George wins business customers

The middle market in business banking is the most profitable - but it also has the largest number of dissatisfied customers, according to a recent [...]

POSTED ON June 20, 2002
Consumers wary of big business

A new survey of Australian consumers shows that they are suspicious of big business, believing that it exists only for shareholders; 75 per cent prefer [...]

POSTED ON June 17, 2002
One.Tel managers back in business

Mark Silbermann and Kevin Beck, once senior managers in the collapsed phone company One.Tel, are about to launch a new venture – Tele One. The [...]

POSTED ON February 14, 2002
Preparing for 2002 – Businesses show concern

Results of the first major business survey for 2002 conducted by The Australian Chamber of Commerce and Industry have been released. These results indicate more [...]

POSTED ON January 10, 2002
NAB to offer e-business loan package

National Australia Bank has revealed plans to introduce a discounted variable-rate business loan together with a suite of online services for small to medium businesses [...]

POSTED ON February 22, 2001
NAB revises charges for business customers

National Australia Bank announced increases to charges for over-the-counter business transactions which it says reflect the cost of providing this type of service. Deposit transactions [...]

POSTED ON April 13, 2000
St George Quicktrade Open For Business

The partnership between St George Bank Ltd and HSBC, announced in July, to offer a non-advisory stockbroking service – St George Quicktrade – has now [...]

POSTED ON October 19, 1999
Business spending expectations fall

The latest report on the economic front this week was from the Australian Bureau of Statistics, reporting on capital expenditure expectations, and claiming that business [...]

POSTED ON June 8, 1999
Wizard Business Loan

Wizard Mortgage Corp has introduced a residentially secured business loan with a rate of 5.99%. “Some lenders will tell you that lending to a small [...]

POSTED ON February 26, 1999
Suncorp-Metway targets Small Business

Suncorp-Metway has launched a call centre targeted at the Small Business Market, for loans up to $250,000. This move forms a major piece of their [...]

POSTED ON February 12, 1999
Completing The Business Loan Jigsaw

Over the past 12 months there has been a major push by lending institutions to provide home loans with not only competitive interest rates but [...]

POSTED ON September 10, 1998
Super Business Loans

Super Business Loans, an offshoot of Super Members’ Home Loans, has released a suite of loan products to cater for the small and medium size [...]

POSTED ON May 22, 1998
Competition in Business Lending

Business lending has been very much in vogue recently. Last month we looked at Westpac’s reduction in business lending rates. We saw the CBA follow [...]

POSTED ON May 21, 1998
Westpac turns up heat on business overdraft

Westpac has announced a welcome reduction – and a simplification – to its range of business overdraft accounts. Business lending rates, and particularly those available [...]

POSTED ON April 3, 1998
La Trobe Business Loans

La Trobe Home Loans of Australia, a specialist mortgage financier since 1952, has introduced a 100% purpose business loan which has a special attraction for [...]

POSTED ON January 30, 1997