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Forget stocks, animal spirits rising where they matter most – The Australian Financial Review

A steady increase in lending to small businesses at online lender Prospa is a welcome sign of renewed confidence in the engine room of the economy.

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What we are starting to see now is that the confidence is starting to return. Effectively they are starting to borrow again to invest.
South African-born Moshal, who also has family in London, is full of praise for the way the Australian and New Zealand governments attacked COVID-19 and got their economies safely reopened. Prospas focus during the early stage of the pandemic was on supporting customers with deferrals and other forms of assistance, but 80 per cent of those 5500 customers have now…

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