See our press release announcing our partnership with The Small Business Institute below:
Banjo Loans and The Small Business Institute announce partnership
June 3, 2016, Melbourne Australia. Online SME lender, Banjo Loans, and small business advocate and mentoring service provider, The Small Business Institute (TSBI), have partnered to offer further support to Australia’s 2.1m small businesses. The partnership will provide The Small Business Institute’s members with access to finance through Banjo’s technology-based lending platform and Banjo customers access to TSBI’s business support services.
Both Banjo and TSBI share a passion for helping small business grow. With more than 20,000 small businesses members, TSBI provide a range of business training and mentoring services. They have assisted many thousands of small businesses over the past few years via their network, including access to 130 experienced mentors. Banjo, who launched their online lending platform in 2015 are providing new ways that businesses can access capital to fund their growth.
Andrew Colliver, CEO of Banjo says “We’re delighted to be partnering with The Small Business Institute. The training and mentoring services they offer are a natural fit with our business.” Recent research revealed that 25% of businesses missed opportunities due to lack of funding[i] and 44% say that access to tools and advice would make them feel more engaged with their bank[ii]. Working in tandem with TSBI, Banjo will help redefine the relationship that small businesses have with their finance provider.
TSBI Director Anthony Turner is thrilled to extend the offerings to TSBI’s membership, “ Our members are always looking for new and easier ways of funding as well as learning more about how to use debt in a smart way to grow business. Banjo represents a new style of finance that many of our members will be keen to learn more about”.
[i] Banjo Small Business Finance Survey Dec 2015
[ii] BCSG Redefining Digital Banking for SMBs