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7NEWS: Small Business Urged to Let Go of Banks

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Many small businesses are still depending on banks to get a loan, unaware of newer lenders which offer more ways to help them through difficult times.

A Productivity Commission report on lending to small businesses found most tried for a bank loan to improve cash flow. 

The report authors called attention to a new breed of lenders, such as Moula, offering more diverse products.

Check out the coverage on 7NEWS.

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