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NTA features on Switzer

  • Published March 27, 2014 1:31PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Bridging the working capital and commercial funding gap for SMEs

Switzer Daily, Published: Thursday, March 27, 2014

“It is estimated that the commercial lending market is valued at $9 billion per year. However, the SME market is severely underserviced representing under 10% of this figure. Banks that spend millions on capturing new business customers are failing existing customers by not approving lending.

An East & Partners survey of SMEs has revealed what every small to medium business owner suspected – 44% of SMEs that applied for new credit were unsuccessful, and the 6 out of 10 that were the lucky ones suffered interest-rate increases while personal home loan rates dropped to the floor.

Lindsay Kirschberg, Director at NTA Securities highlights the growing customer problem “Business owners I’m in direct contact with complain of risk-adverse lenders with inexperienced staff who only know how to check boxes. As the banks have centralised their systems they find they have no direct relationship with the business owner, and it is the businesses that suffer as a consequence”.

  • Capitalising on SME credit demand
  • A Modern Approach to Credit Management
  • Market and investor demand
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