ANZ will lend $2 billion to small businesses in the next year, to stimulate national enterprise and economic growth.
The loans will be supported with business transaction accounts, merchant products, financial planning advice, foreign exchange and trade finance.
General manager of small business Kate Gibson says it’s important to back people starting a new venture or considering expansion.
“We hope our commitment to make available a further $2 billion in lending this year can provide a further boost to the economy and support the creation of new jobs.
“Last year we approved seven out of every ten applications from new small businesses lending a further $1 billion to the sector.
“By doubling our lending pledge, we want to send a strong message to small business owners that our team of small business specialists are ready to help with our full range of banking solutions.”
Gibson says the bank provides information on the application process through its Small Business Hub.
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