FEAR & GREED | Business News Interview: SMEs have done it tough, but there's opportunity ahead
May 27, 2025
Beau Bertoli, Co-founder and Chief Revenue Officer of Prospa, discusses the resilience of small businesses in Australia amid economic pressures. He highlights the recent trend of declining interest rates and potential growth opportunities for SMEs. The conversation covers the importance of financial sustainability, rapid financing solutions compared to traditional lending, and the necessity for tech adoption, particularly AI. Bertoli emphasizes that education on these tools can significantly enhance productivity and customer experience for small businesses.
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Small Business Resilience in Hard Times
- Small businesses surviving recent years are those that adapted well by adjusting costs and pricing.
- Hospitality, retail, and building trades were the hardest hit sectors in Australia recently.
Be Fitter, Faster, Stronger
- Business owners should become fitter, faster, and stronger to grasp new opportunities.
- Cut waste, improve speed through technology, and strengthen your balance sheet to expand or consolidate.
Prosper's Fast Funding Model
- Prosper provides quick funding from $5,000 to $500,000 exclusively for small business owners.
- Their self-funded model and fast application process meet urgent capital needs often underserved by banks.