SMEs facing $70bn funding gap: Analyst
A $70 billion funding gap is crimping Australian SMEs and with them the wider economy, according to a new report, because traditional lenders still focus on businesses with turnover of $100 million plus.
“If your business has not reached $100 million in revenue yet, you’re probably struggling to access funding for growth,” Johann Kenny, head of risk at asset manager Arowana, wrote in a new report on SME funding.
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