A new report published by RedZed, Australia’s self-employed loan specialists, has found that the vast majority of SMEs across the country are skeptical about obtaining a bank loan, with 84% thinking bank loans are tough to secure. According to the RedZed Self-Employed Business Index, these SMEs believe that risk-averse lenders, issues with credit ratings, an abundance of paperwork and red tape, and the age of business act as major hurdles while trying to get a bank loan. The index raises concerns because currently, SMEs require financial support as they are struggling to recover from the impact of the Covid-19 restrictions.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.