Relief for business borrowers – sixth cash rate hold this year In what must be a relief for borrowers, the Reserve Bank of Australia (RBA) has decided to hold the cash rate at 4.35 per cent. This is the sixth cash rate hold for 2023. In a Media Release from the...
A construction business had their business bank accounts frozen by a commercial creditor this week when a receiver was appointed. The directors have a new baby and can’t pay their employees this week because of the bank account freeze… Scenario’s similar to these are...
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