Bad news guys.
CBA is moving to provide faster funding for small businesses through BizExpress.
The system generates same-day decisions on unsecured loans of up to $250,000 and secured loans up to $1m.
With BizExpress Online, eligible small business customers can see funds of up to $100,000 deposited into their account in as little as 15 minutes.
This will not bode well for Prospa.
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