pray tell me, when were business interest rates low ???
business rates are always higher than home loan rates...you pay a premium, that is if the banks deem you to qualify for their business...
use a figure of 10% plus as a general guide,
and for those businesses that dont get the benefit of the bank rates, they are forced to use credit cards...at rates of 20% plus
Small Businesses in Australia are largely family businesses and are the largest employers in the economy.
so when those businesses go bust, so does employment...
the banks have not been providing small business, or even medium to large business loans for over 2 years....
the problem is not so much the business owner, as the banks refusal to lend....
I believe the mud is hitting the fan now, unemployment will rise....unless something gives.....and that is funding for business..
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