Category Archives: Small business Back

Big banks welcome government competition for small end of town

Australia’s biggest banks insist they welcome the prospect of looming lending competition from the federal government’s proposed $2 billion small business loan plan. Under the policy unveiled by Treasurer Josh Frydenberg on Wednesday the government will establish a $2 billion securitisation fund which it will use to buy pools of small business loans from smaller banks and … Read more

Medicinal cannabis access to get a whole lot easier in Queensland

After the Federal Government made it legal to consume cannabis for medicinal purposes two years ago, significant strides have been made to make access easier. Serious developments in the research and cultivation of cannabis for medicinal purposes have been made by private and public companies in the years since. However, the issue of access remains … Read more

‘The system is broken’: government poised on small business fund

The Morrison government is flagging imminent action to ensure lending to small business continues as bank funding tightens further in the wake of the financial services royal commission. Small business minister Michaelia Cash told Fairfax Media the banks appear to have tightened their lending to smaller companies. “What is consistently raised with me is access to finance,” … Read more

Fourth time’s a charm: Will Lime be the bike sharing startup that works in Australia?

American electric bike company Lime has become the latest business to try its hand at making bike sharing work in Australia, launching a new scheme in Sydney last week. It comes after the spectacular failure of similar schemes in Melbourne and Sydney earlier this year, with three international businesses already having tried and failed to … Read more

Sendle takes on Australia Post this Christmas with flat-rate $13.45 global delivery

Sendle is taking on Australia Post this Christmas, with a new “parcel anywhere” offering that lets customers from Sydney, Melbourne, Brisbane, Perth and Adelaide send 250g parcels anywhere in the world for $13.45. Launched earlier this week, the flat-rate offering is designed to empower Australian small businesses to ramp up their e-commerce efforts and make … Read more