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7 Jul 2025 7:31
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      Home > News > Business

    Small businesses are frequently seeing their loan applications turned down by banks

    Small businesses are frequently seeing their loan applications turned down by banks


    The latest data shows the compound annual growth rate of bank lending, has slowed from six-percent to one-point-five-percent since 2013.

    Small Business NZ Founder Phil Wicks says many banks assess loan risks, like it was centuries ago.

    He says there are small businesses with strong work ethics, no debt and personal guarantees, still being declined

    © 2025 Newstalk ZB, NZCity

     Other Business News
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     04 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     Top Stories

    RUGBY RUGBY
    A pass mark from All Blacks forwards coach Jason Ryan for Tupou Vaa'i's switch to blindside flanker More...

    BUSINESS BUSINESS
    Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland More...


     Today's News

    		 Law and Order:
    A 36-year-old Wellington man who groomed and sexually exploited two pre-teen girls online, while pretending to be a child himself, is going to prison 7:27

     Cricket:
    India have levelled the five-test cricket series against England with a 336-run victory at Edgbaston 7:17

     Entertainment:
    Miley Cyrus says receiving a Hollywood Walk of Fame star "feels like a dream" 7:06

     Entertainment:
    Julie Bowen expected to be replaced by a "younger woman" in Happy Gilmore 2 6:36

     Entertainment:
    Soccer star Diogo Jota has died in a car crash aged 28 6:06

     Christchurch:
    A 35-year-old woman's been charged with arson, following a fire at Christchurch's Life Church in New Brighton 5:37

     Netball:
    The Mystics have beaten the Steel 56-52 in round nine of ANZ Premiership netball 4:57

     International:
    Pakistan apartment collapse kills residents in impoverished Karachi neighbourhood 4:37

     Rugby:
    A pass mark from All Blacks forwards coach Jason Ryan for Tupou Vaa'i's switch to blindside flanker 21:57

     Entertainment:
    Charlize Theron refuses to name the "scumbag" director she has accused of sexual harassment 21:36

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