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Are small business loans getting more difficult to access?
In 2018-2019, small businesses contributed $418 billion to Australia’s GDP – equivalent to 32% of Australia’s total economy. By employing 4.7 million people, small businesses are also Australia’s largest employer (Australian Small Business and Family Enterprise Ombudsman, 2020). Yet, despite being the lifeblood of the Australian economy, small businesses are considered high risk borrowers and […]
