Risk taking for SME’s is still out of vogue. Banking giant Westpac has been more than willing to lend money to SME’s, but it seems that the only companies who are keen to take the bait is medium-sized businesses where demand for lending has increased by ten per cent.
Head of retail and business banking, Rob Coombe, was surprised by the reluctance of SME owners to take part in the drive that began in March which aimed to lend more money to small business owners and was propped up by attractive incentives…