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 (SMEs).

The Business Toolkit will provide Internet connection, email, website creation, registration, domain name, e-procurement and financial management products to ‘e-enable' SMEs.

Some predict the move will prompt a business-loan price war amongst the big banks.

‘NAB tools up to hold small businesses', The Australian Financial Review, 21/02/01, p 20.