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The Banjo Barometer

Quarterly insights on SME lending activity.
Loan applications rise – but a closer inspection tells another story

Aussie businesses have started the new financial year in a cautiously optimistic fashion; loan applications have increased though remain flat over the past 12 months.

Find out more about the SME market with our snapshot of loan activity, performance and trends to help your business decisions.

As a seasoned non-bank business lender, Banjo’s portfolio serves as a barometer for the state of SME businesses across Australia.

Our latest analysis shows:
  • Quarterly loan applications have increased 14%
  • Businesses have attacked arrears, reducing overdue repayments by 32%
  • A deterioration in the quality of applications, with questions about serviceability
  • Queensland SMEs have increased borrowing, while other states have gone backward.
See more with our snapshot of SME loan activity with the Banjo Barometer.

Download THE
Banjo Barometer

  • This insightful resource has become a reliable tool
    for strategic planning. It provides actionable intel
    for staying in touch in what is a highly competitive business landscape.

Helping hard working Australian businesses to continue to grow

A BIT ABOUT BANJO LOANS
We’re a team who understands that small to medium-sized businesses are the engine room of our economies, cities and communities. Our mission is to power their growth through simple, smart financial solutions. Banjo makes it easier for businesses to access the right finance they need to move forward. We’re proud to assist in helping businesses to reach the next chapter in their development and success.

We help a broad range of businesses to grow and reach their potential.

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Copyright © 2023 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.
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