Access to credit and cash worries small business
The Council of Small Business of Australia (COSBOA) in
association with Telstra have undertaken research into the outlook small businesses
have on the current economic climate. The research has
revealed that whilst businesses are generally optimistic, access to
funding and credit is being seen as a serious probelem by small
Jaye Radisich, CEO of COSBOA commented: "Small businesses need to be able to access affordable lines of credit to ensure that they can properly manage their businesses"
Make It Cheaper says: "It's a real
concern for the economy when small business starts to raise these
issues. The Australain Government should look to take a leaf
out of the US book, who have recently announced that they would shift $30 billion
in financial bailout funding to community banks for lending to
"What the US is planning could turn out to be a real win for small business, creating some much needed liquidity, and ultimately providing a cash boost which will help small businesses thrive and survive. This is something the Australian Government seriously needs to consider."