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Small business not 'losing out' on interest rates, says ABA

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Australian Broker | 01 Mar 2013, 05:00 AM Agree 0
Small business borrowers aren't being swindled when it comes to interest rates, argues ABA chief executive Steven Münchenberg
  • Mike C | 01 Mar 2013, 07:23 PM Agree 0
    All very well & good Munchenberg & well explained. I do not disagree. So answer this why in hell do many lenders still take on business debt refinancing it priced at resi rates, sometimes at 100% of the refinance amount, under policy! (rhetorical) I'll tell you why; because 'sales & marketing' & employee targets overide the correct & appropriate risk analysis. All that is washed away with a simple restructure, regardless of whether the SME is experiencing current liquidity problems or declining profit margins. eroding equity etc etc.
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