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18 Jun 2025 12:07
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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
     18 Jun: Changes for the Accident Compensation Scheme
     18 Jun: There's been a modest rise in consumer confidence, though it still sits below average
     18 Jun: Supermarket owners are doing what they can NOT to pass on rising food costs
     18 Jun: A slight slump for economies in the south
     17 Jun: Food prices have continued to rise, led by a 51.2 percent surge for butter over the year
     17 Jun: Fears Canterbury ski town, Methven, will be overrun with Airbnbs
     17 Jun: There are reports of widespread internet outages, across New Zealand
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    Changes for the Accident Compensation Scheme More...


     Today's News

    		 Entertainment:
    Nick Frost takes his own cutlery on vacation 11:59

     International:
    Iranians speak of their fears and hopes as the conflict with Israel intensifies 11:57

     Business:
    Changes for the Accident Compensation Scheme 11:57

     Entertainment:
    Larry Birkhead has "always tried to protect" his daughter since the death of Anna Nicole Smith 11:29

     International:
    Donald Trump demands Iran 'surrender' and says US will not kill supreme leader 'for now' 11:17

     Health & Safety:
    It doesn't matter how minor the symptom - have it checked - is the message at Eden Park today 11:07

     Entertainment:
    Real Housewives boss Lauren Miller has died in childbirth 10:59

     Law and Order:
    Auckland Police are seeking information on the whereabouts of 17-year-old Mya, who's missing from the North Shore area 10:47

     Entertainment:
    Bill Murray has done "a lot of stupid things" because of his fame 10:29

     Business:
    There's been a modest rise in consumer confidence, though it still sits below average 10:27

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