Small businesses to get more information on access to capital

Small businesses that have traditionally struggled with obtaining funding will now be better informed on lending trends, in the form of a new joint initiative between the Australian Bankers Association and the Council of Small Businesses of Australia (COSBOA).

The initiative will see the release of an annual report of the small business community's access to capital, and is expected to touch on lending trends such as:

  • The number of approved small business loans
  • The size of these loans
  • The type of industry applying for loans and access to finance
  • The number of rejected small business loans

The inaugural report will likely be released in July at the COSBOA summit.

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