Getting a business loan from AU banks is a crap shoot really. They would sooner give you a personal loan at 17%.
Although banks are loaned money at 1.5% from the RBA to fund Business they have forgone this duty because of its risky nature to inflate the housing Market at 4-6% compounded and keep shareholders happy.
If I was Treasurer I would lend money, 50% of which had to go to Business. This is free money to Banks and what do they do with it?, Inflate the Housing market. Racket of all Rackets-Usury.
Another thing is for a Govt Bank to loan directly to Business. The Banksters hate competition but they do not achieve their purpose which is to stimulate/fund Business. rant over
