It's being suggested small businesses are finding it tougher to get loans than big businesses, despite being a safer option. 

The latest data shows the compound annual growth rate of bank lending has slowed from 6% to 1.5% since 2013. 

Small Business NZ Founder Phil Wicks told Mike Hosking most banks are making business hard. 

He says lending to someone with skin in the game should be more attractive to banks. 

Wicks told Hosking many banks assess loan risks like it was centuries ago. 

He says there are small businesses with strong work ethics, no debt, and personal guarantees, still being declined 

LISTEN ABOVE 

It's being suggested small businesses are finding it tougher to get loans than big businesses, despite being a safer option.&nbsp;
The latest data shows the compound annual growth rate of bank lending has slowed from 6% to 1.5% since 2013.&nbsp;
Small Business NZ Founder Phil Wicks told Mike Hosking most banks are making business hard.&nbsp;
He says lending to someone with skin in the game should be more attractive to banks.&nbsp;
Wicks told Hosking many banks assess loan risks like it was centuries ago.&nbsp;
He says there are small businesses with strong work ethics, no debt, and personal guarantees, still being declined&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Phil Wicks: Small Business NZ Founder on the banks lending less to small businesses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/07b20a10-b100-4ac3-9dac-b2ff0153e6a1/transcript