How Australian Small Businesses are Seeking Alternatives to Fund Growth

A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow.

“Around 75% of businesses who come to us looking for invoice financing need the extra cash flow because they’re in a period of high growth,” says Angus Sedgwick, CEO of OptiPay.

“Traditionally business owners were limited with their options for business finance and a bank loan was the go-to solution but Australian SME owners are wiser in 2022 and they’re realising there are other options,” adds Mr Sedgwick.

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