Business lending

Encouraging regional areas of Queensland to “grow their own” workforces, the Queensland government’s latest initiative sees opportunities for investment in regional businesses.

Business lending has evolved and, according to one private lender’s managing director, is defined by speed and certainty.

The non-bank has announced a digital banking solution catered towards business customers, with plans to begin offering business lending solutions.

The Morrison government has released its federal budget for the new financial year, including a range of initiatives targeting home ownership.

Recent data has highlighted compounding issues impacting the SME sector. Despite the recent interest rate cut, the future of business lending is uncertain.

A recent study has highlighted further disparity in the growth of residential and business lending, identifying a strong case for broker diversification.

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.

The business lending loan book growth of Aussie banks has far exceeded growth seen across owner-occupier and investor lending.

The arrangement aims to introduce its product across OZEDI’s 50,000-plus customer base.

The major bank’s home loan growth has straggled behind system growth while its business lending has accelerated.

A recent report has shown a steady number of brokers diversifying into commercial and business lending and an interest to continue.

Greater Western Sydney (GWS) has seen a significant uptick in commercial lending over the year, with various factors contributing to a thriving economy.

Fewer borrowers are now requiring financial assistance to meet their loan repayments, according to the banking association.

Both owner-occupier and investment housing lending increased in September, reflecting strong borrower demand boosted by low rates, according to new data.

Broker engagement, turnaround speed and streamlined lending processes are all being prioritised at Suncorp, as the bank swings for a larger slice of the mortgage market.