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18 Jun 2025 15:47
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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: Consumer confidence remains soggy - across the country
     18 Jun: Senior Northland medical and dental officers are striking from today until 10am tomorrow - over pay disputes
     18 Jun: Changes for the Accident Compensation Scheme
     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
     Top Stories

    RUGBY RUGBY
    The New Zealand men's hockey team is relishing being reunited after more than a year of inactivity More...

    BUSINESS BUSINESS
    Consumer confidence remains soggy - across the country More...


     Today's News

    		 Entertainment:
    King Charles has wished dads "everywhere" a Happy Father's Day 15:29

     Law and Order:
    Police have dealt a blow to the Bay of Plenty's 'Greazy Dogs' gang - seizing more than 1.5-million-dollars worth of assets 15:27

     Rugby League:
    To the season finale in ice hockey's NHL.. 15:07

     Business:
    Consumer confidence remains soggy - across the country 15:07

     Entertainment:
    Lainey Wilson wants the same funeral song as her grandparents 14:59

     Hockey:
    The New Zealand men's hockey team is relishing being reunited after more than a year of inactivity 14:57

     Entertainment:
    Amerie split from her husband two years ago 14:29

     International:
    Vale concert pianist Alfred Brendel, who has died aged 94 14:17

     Rugby League:
    Queensland league coach Billy Slater has apologised for bringing the death of previous mentor Paul Green into a spat with former New South Wales prop Aaron Woods 14:07

     National:
    Why does my phone sometimes not ring when people call? A communications expert explains 14:07

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