Growth

Festive season turns frantic for SMEs

Promoted by OnDeck1 minute read
The Adviser

Promoted by OnDeck.

As Australians gear up for the peak spending period of the year, up to 58% of SMEs could be negatively impacted – but additional finance can often be the solution. And that means opportunities for brokers.

If Christmas 2019 is anything like last year, Australians will collectively spend around $51.5 billion between now and 25 December. Plenty of SMEs will be hoping a fair chunk of that spend goes through their cash registers. Surprisingly though, research by leading online SME lender OnDeck Australia shows that a holiday season isn’t always a cash cow for small businesses. Read more here.

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