Affordable Capital for SME Growth Inquiry
The Australian Small Business and Family Enterprise Ombudsman has launched an inquiry to explore international initiatives that seek to provide affordable capital to SMEs to start and grow.
Lenders consider SME’s high risk and offer capital with restrictive terms and conditions, at interest rates few can afford and demand bricks and mortar as security.
The inquiry will examine:
- Australian initiatives where the government shares the lending risk including Clean Energy Finance Corporation, Export Finance and Insurance Corporation.
- State and Territory initiatives to support small business start-ups and growth.
- International initiatives including the British Business Bank and the U.S. Department of the Treasury’s Small Business Lending Fund.
A report will be released in July 2018 with recommendations on the best fit initiative in the Australian regulatory framework.
You can download the Terms of Reference for the inquiry here.
See the media announcement.