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1 in 4 SMEs declined for big bank finance: OnDeck

by OnDeck Australia,   Jul 19, 2023

The Adviser

19 July, 2023

Two-thirds of SMEs think about the majors when it comes to sourcing business finance, but a quarter has been knocked back by them, according to the SME lender.

Small-business lender OnDeck Australia has flagged a disconnect between the types of lenders that small-business owners think of when it comes to sourcing commercial finance and the types of lenders that actually approve these loans.

 

Read the full article here.

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