News & Insights

“A failure to address business succession issues and just let time evolve the solutions may well be blissful ignorance, but more likely is the recipe for mediocrity, if not failure. Confronting our issues as business owners and determining our end goals was difficult, but it has set us on a path to optimise the business and our ultimate business succession plan.” Building Supplies Business Owner, 2024, Cameron Harrison Client

Private credit is the provision of non-bank finance. As such, credit is provided for various purposes; property and development funding, a multitude of business lending ventures, both direct or structured, which itself can fund personal and business risk. Importantly, banks avail themselves to a range of funding and risk alternatives. As traditional banks have stepped back from lending other than to household mortgages (where regulatory risk capital requirements are more favourable), non-banks have been left to fill spaces where banks do not want to operate. Banks used to be the main intermediator of credit in the economy. In the United States, bank intermediation has undergone a sharp decline for over 20 years. This is now occurring at a quickening pace in Australia.