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Small Businesses Told To Stay Calm By Big SME lenders

Following the turbulence on the global financial markets in the last couple of days, lenders in the market have had a huge task of panic management. The big four SME lenders have played the most crucial part here, by reassuring small and medium businesses and telling them to stay calm. The Up Market lenders also stated that they would stick with their customers even if the economy does plunge, although it is too early to predict such things. Big-four SME lender ANZ's small business General Manager Nick Reade stated that the bank increased its lending through the GFC, and it will continue to support its customers, no matter where the economy goes. Trade experts said that the recent turmoil in the global market might affect lender's policies and decisions.



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