The resilience of Aussie SMEs will be put to the test as the impacts of the war in Iran filter through the economy.
Business owners have already responded to the risk of higher costs by hitting the brakes on borrowing. They've also tidied up the books - clearing outstanding payments or bringing them down to historically low levels.
These are some of the key findings from our latest Banjo Barometer, a snapshot of loan activity, performance and trends to help your business decisions.
As a seasoned non-bank business lender, Banjo’s portfolio serves as a barometer for the state of SME businesses across Australia.
Our latest quarterly analysis shows:
- loan applications fell 28% during the March quarter
- arrears at 30+ days were cut by 30%
- SMEs in Queensland and WA drew larger value loans
- the percentage of loan applications declined was higher compared to last year.
See more with our snapshot of SME loan activity with the Banjo Barometer.
