Banking by Numbers: SMEs 2023

In April 2022 alone, over $13 billion in new loans were provided to micro, small and medium businesses.

There were 2.35 million SMEs in Australia in 2020. The most (almost 400k) SMEs were in the construction industry.

61% of all new business loans during the first 300 days of the COVID-19 pandemic were to small or medium sized enterprises.