Orr tells banks to boost SME spend

Tue, 21 Apr 2020

Reserve Bank Governor Adrian Orr has some straight-shooting advice for small business once covid-19 restrictions are gone: don’t be over-leveraged, ensure you have access to capital across different debt providers and be prepared to work in partnership to access more capital streams.Orr told a Trans-Tasman Business Circle webinar today that the “highly leveraged” nature of small businesses in New Zealand was one of the country’s financial weak points.“Smaller businesses, in particular, are historical...

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