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30 Jun 2025 7:43
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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
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     28 Jun: Auckland City FC are hopeful those who did the hard yards on the pitch will reap some financial reward after their FIFA Club World Cup heroics
     28 Jun: An expert's emphasising the importance of vaccines while influenza rates are high
     28 Jun: Major Australian and New Zealand retailers are primed for an energy switch, following millions of dollars in Government funding to decarbonise their services
     28 Jun: Air New Zealand's ready to fly nearly 750-thousand customers this school holidays
     27 Jun: Hamilton ratepayers have been hit with a double digit rate increase for the second year in a row
     27 Jun: Hastings' water-park Splash Planet is going to test itself as just a park after suffering financially last summer
     Top Stories

    RUGBY RUGBY
    All Blacks coach Scott Robertson has revealed why they opted to bring Dalton Papali'i into camp again following the injury to Wallace Sititi More...

    BUSINESS BUSINESS
    Dairy farmers are remaining optimistic, despite some road bumps More...


     Today's News

    		 Golf:
    Golfer Kazuma Kobori has finished in a share of 16th at the Italian Open on the European Tour 7:27

     International:
    China forces young Tibetan children to indoctrination boarding schools to push state propaganda 7:27

     Christchurch:
    Police are investigating an unexplained death in Canterbury's Amberley 7:27

     Netball:
    The Pulse have ended the Tactix's five-match win streak in netball's ANZ Premiership after a 59-50 triumph in Wellington 7:07

     Law and Order:
    The family of a 17-year-old girl missing in Auckland for nearly a week, are still waiting for news 5:47

     Politics:
    Hopes new offences will curb the number of attacks on prison staff 5:36

     Motoring:
    F1 Austrian Grand Prix: Lando Norris beats Oscar Piastri to race win, Carlos Sainz out after car catches fire in pits 4:36

     Health & Safety:
    Kiwi athletes are warned to be careful of their attire, after a first-of-its-kind doping case 21:56

     Politics:
    A plea to keep Auckland's Takapuna golf course open, from one the country's best known golfers 18:57

     Rugby:
    All Blacks coach Scott Robertson has revealed why they opted to bring Dalton Papali'i into camp again following the injury to Wallace Sititi 18:36

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