Are SME loans a challenge? You’re not alone

Recently we surveyed Australian finance brokers to find out which type of financial solutions are the most difficult to manage….

Thirty-nine per cent of respondents consider small business loans to be the most challenging loans to broke.

Why?

Because traditional financial institutions often shy away from small business applicants. With their fluctuating cash flow, and smaller loan requirements traditional financial providers can’t serve the small business community. In fact Australian Bureau of Statistics data indicates that small business loan applications are rejected at roughly twice the rate of medium-size businesses. 

FinTech lenders have leveraged cutting-edge technology and lean start up principles to address the financing needs of small business, watch this video to find out how our platform works.

Want to find out more about becoming an accredited Spotcap partner? Get in touch with our team on 1800 10 70 10, or drop us a line at partner@spotcap.com.au.

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