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Business loan approval times 'blown to bits'

Business loan approval times âblown to bitsâ
May 19, 2021 â 11.56am
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Business owners are being forced to wait weeks for loan applications to be turned around as bottlenecks in the approvals process threaten to limit the supply of credit crucial to the recovery.
Brokers, borrowers and small lenders say delays in loan approvals at the big banks are not restricted to the mortgage market and are only now beginning to show signs of improvement after blowing out during the virus crisis.
Approvals for upwards of $1 million of asset finance has risen from a week to three weeks with some banks telling customers they must submit paperwork before June 15 if they want to qualify for the instant asset write-off in the financial year ending June 30. ....

Joseph Healy , Guy Callaghan , David Gandolfo , Judo Bank , ஜோசப் ஹீலி , பையன் காலகன் , டேவிட் கன்தொள்போ , ஜூடோ வங்கி ,

RLO repeal would reduce 'policy creep': CAFBA

RLO repeal would reduce ‘policy creep’: CAFBA
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As politicians debate the bill to repeal responsible lending, CAFBA has said that repealing the obligations would help reduce any “grey area” when it comes to commercial lending.
On Monday (15 March), the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 – which focuses on amending the credit laws so that they remove responsible lending obligations (RLOs) and extend the best interests duty to more credit assistance providers, among other changes – was debated in Parliament during its second and third reading.
During the debates, which extended into the evening, several Labor MPs suggested that the changes the bill is proposing would negatively impact business lending. ....

Fiona Philips , Andrew Leigh , Annie Kane , David Gandolfo , Asset Finance Brokers Association Of Australia , National Consumer Credit Protection Amendment , Supporting Economic Recovery , Asset Finance Brokers Association , Banking Code , Elite Broker , Adviser Live , பியோனா பிலிப்ஸ் , ஆண்ட்ரூ லே , அன்னயே கேன் , டேவிட் கன்தொள்போ , சொத்து நிதி தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா , தேசிய நுகர்வோர் கடன் ப்ரொடெக்ஶந் திருத்தம் , துணை பொருளாதார மீட்பு , சொத்து நிதி தரகர்கள் சங்கம் , வங்கி குறியீடு , உயரடுக்கு தரகர் ,

New ASBFEO appointed

New ASBFEO appointed
theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.

Kate Carnell , Michaelia Cash , Annie Kane , Bruce Billson , David Gandolfo , Mr Billson Ministerial Advisory Council , Asset Finance Brokers Association Of Australia , Brokers Association Of Australia , Australian Small Business , Family Enterprise Ombudsman , Australian House , Federal Parliament , Victorian Minister , Natural Resources , Family Business , Asset Finance Brokers Association , Ministerial Advisory Council , Peter White , Finance Brokers Association , Small Business , Elite Broker , Adviser Live , கேட் கார்னெல் , அன்னயே கேன் , காயங்கள் பில்சன் , டேவிட் கன்தொள்போ ,

Victorian businesses upbeat in face of nation's hardest conditions after coronavirus lockdowns

NAB’s monthly business survey shows trading conditions around Australia returning to long-term average levels, but Victorian firms are still shaking off the effects of COVID-19 shutdowns. ....

Andrew Irvine , David Gandolfo , Council Of Small Business Australia , Small Business , Morning Edition , ஆண்ட்ரூ இவைந் , டேவிட் கன்தொள்போ , சபை ஆஃப் சிறிய வணிக ஆஸ்திரேலியா , சிறிய வணிக , காலை பதிப்பு ,