Is property on the nose for SMEs?
Here's an interesting property story.
It has to do with SMEs, property, the government and Scottish Pacific.
This is the pretext: “Small businesses find it difficult to obtain finance other than on a secured basis, typically against real estate. Even when small businesses can access finance, funding costs are higher than they need to be,” Federal Treasurer Josh Frydenberg said.
In a nutshell, there's a problem for SMEs when it comes to finance.
And some of those problems are directly related to property according to the SME Growth Index research conducted independently by banking analysts East & Partners, on behalf of national working capital funder and recently delisted Scottish Pacific.
The survey recorded the views of owners, CEOs and senior financial staff of 1257 SMEs across all states and key industries, with annual revenues of $A1-20 million.
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