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Great outcome for SME’s borrowing

FENCiT’s finance partner, Moody Kiddell & Partners welcomes the release of Commissioner Hayne’s final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

  • There is no finding of market failure in the commercial broker channel.
  • The National Consumer Credit Protection Act (NCCP Act) should not extend to small business lending.

What does it mean for you?

  • It will not be more difficult to secure funding for your business
  • Cost of borrowing is not likely to increase because of additional regulation.

If you are looking to finance your next purchase have a chat with Nick Miller on 0429 794 871 or email: nmiller@mkpgroup.com.au

Find out more: Moody Kiddell & Partners

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