NAB continues to back small business



NAB today welcomes the announcement by the Federal Treasurer, the Hon Josh Frydenberg MP, of policies to support small business, including the Government’s support for the establishment of a Business Growth Fund in Australia.

NAB Chief Customer Officer, Business and Private Banking, Anthony Healy, said we have a long and proud history supporting SMEs, and as the country’s largest business bank we recognise that for Australia to continue to grow, SME businesses need better and easier access to capital.

“One of the ways we have addressed this is by providing unsecured lending through NAB QuickBiz, helping SMEs borrow against the strength and cash flow of their business rather than physical bricks and mortar”, said Mr Healy.

“The Australian Business Growth Fund can help this further by providing a way in which SMEs can receive long term equity capital investments to grow their business, invest in new technology and create more jobs, which is why NAB is supportive of the concept.

“We do believe there is more that can be done to provide SMEs with access to equity capital, and we take confidence from the UK Business Growth Fund having operated successfully for several years.

“We look forward to further discussions with the federal government and other participants about the fund’s potential establishment soon,” said Mr Healy.



Related Articles

  • Climate

A co-ordinated approach to net zero

At the third Investor Roundtable, NAB CEO Ross McEwan spoke about the approach NAB is taking with its customers and the importance of a coordinated approach to reaching Australia’s 2050 net zero target.

  • 05.12.2023
  • Time to read 2 min read
  • Business

NAB Gift Guide 2023

Support Australian businesses this festive season with NAB’s 2023 Gift Guide.

  • 05.12.2023
  • Time to read 1 min read
  • Business

Businesses woo savvy shoppers during sales season

Australian businesses targeting budget driven consumers have landed record sales with more than an estimated $8.7 billion spent across the four-day Black Friday and Cyber Monday shopping period.

  • 30.11.2023
  • Time to read 2 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights