Pulse Alert – News Pulse for January 9, 2019

A daily download of SME, startup, fintech and tax news from around Australia.

Beware of crimping small business borrowing any further

The sleepless nights. The stomach-churning decisions. It is not easy financing or running your own small company. That’s doubly so because most small business loans use domestic property – often the family house – as collateral to get started or keep going.

Now that critical source of capital is under two threats. One, that falling home values as the housing market turns will naturally crimp the amount that small business operators can borrow against property. The second is that small businesses fear they may also get unfairly caught in the crackdown in mortgage standards that will come out of the Hayne royal commission .

Bouris: More must be done to help small business

It’s a job title that thousands of people across NSW relish but financial guru Mark Bouris thinks the small business owner tag should be considered an insult.

The Mentor host, who is about to embark on a national tour to get behind Aussie businesses, has called for a major rethink on how we label the people who employ 60 per cent of Australia’s population.

Tips, comments or suggestions? Let me know in the comments, send me an email or tweet me @simeonduncan.


Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.