Concern is mounting that business loans may be curtailed as an unintended result of the Banking Royal Commission, according to a media report.
Access to finance is an ongoing issue for SMEs despite seemingly relatively favourable conditions for investment. The chief executive for banking and wealth at Suncorp highlighted differences between corporate and retail consumer loans at the Inquiry, while Small Business and Family Enterprise Ombudsman Kate Carnell says banking culture should be improved, rather than more legislation applied. Read more
Source: Franchise News 2 June