ANZ INVESTS $2 BILLION INTO SMALL BUSINESS

Written on the 3 March 2014

ANZ INVESTS $2 BILLION INTO SMALL BUSINESS

 ANZ will lend $2 billion to small businesses in the next year, to stimulate national enterprise and economic growth.

The loans will be supported with business transaction accounts, merchant products, financial planning advice, foreign exchange and trade finance.

General manager of small business Kate Gibson says it’s important to back people starting a new venture or considering expansion.

“We hope our commitment to make available a further $2 billion in lending this year can provide a further boost to the economy and support the creation of new jobs.

“Last year we approved seven out of every ten applications from new small businesses lending a further $1 billion to the sector.

“By doubling our lending pledge, we want to send a strong message to small business owners that our team of small business specialists are ready to help with our full range of banking solutions.”

Gibson says the bank provides information on the application process through its Small Business Hub.


Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter