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CreditorWatch Blog

Marketplace Lending Fills a Market Gap in Small Business Finance

Marketplace Lending Fills a Market Gap in Small Business Finance

The fundamentals are clear. Small business in Australia needs finance to grow and capture market opportunities. However, there are over 2.1 million small businesses in Australia with a potential $10 billion per annum growth-funding requirement, not being fulfilled by banks. Banks consider many SME borrowers a bankable risk but they generally lend based on real […]

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Business chained to debt? These 5 steps will set you free?

Business chained to debt? These 5 steps will set you free?

Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out. […]

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Navigating alternative finance loans: What to look out for

Navigating alternative finance loans: What to look out for

The Australian SME market is undergoing an exciting change with more options available to business owners looking for alternative finance solutions to the ones offered by the big banks. However, the Australian Alternative Finance Industry has been flooded with inexperienced entrants mainly from offshore institutions offering quick fix cash loans to Australian SME owners without […]

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State-backed loan guarantee scheme for small business proposed

State-backed loan guarantee scheme for small business proposed

The Institute of Public Accountants (IPA) has introduced an Australian Small Business White Paper renewing its call for a state-backed loan guarantee scheme for small business. The paper was launched at a special event in Parliament House on Wednesday, 12 August and makes a number of key recommendations. IPA chief executive officer, Andrew Conway said “it was […]

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