Paul Presland, ANZ managing director small to medium enterprise, Australia commercial, said that the changes recognise the resilience of the small business sector and the need for banks to adapt to the realities of business cash flow.
“We’ve listened to our customers and are proud to lead the way in inclusive lending,” Presland said. “Small business owners, freelancers, entrepreneurs, and sole traders deserve the same access to home ownership as any other worker. These changes are about cutting red tape and recognising the value small businesses bring to our economy. We know they are already juggling enough – banking shouldn’t be another pain point.”
He said the policy shift is part of ANZ’s broader approach to help Australian businesses “start, run and grow” while tailoring services to meet diverse needs.