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Majors move towards simplified SME lending

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Australian Broker | 01 May 2017, 08:25 AM Agree 0
In response to the Carnell Small Business Loans Inquiry, the big four banks have amended their SME loan contracts
  • Question?? | 01 May 2017, 10:20 PM Agree 0
    One step forward.

    So does the inquiry know some lenders lend with payments pitched over 15 years, but offer a 3 year term finance term. The 3 year finance term largely came on the back on the GFC when lenders could not guarantee supply which is fair enough as the markets were uncertain.

    So does this cover auto renewing small business expiring facilities where they have not missed a payment???
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