NAB: Announces new loan terms to boost small business
- NAB announced it will be offering eligible small businesses across the country access to apply for business loans
- The application process uniquely utilises digitally captured self-declared financials and increased loan terms of up to 30 years
- Executive for Small Business, Ana Marinkovic, said the ability to lend up to $2 million over a period of 30 years
- Determined to help Australia bounce out of the pandemic and support businesses right across the country to invest
- Faster business loans make it easier for a busy small business owner looking for a quick decision
- The loan terms offer the potential for them to make a pragmatic decision between potentially paying rent
