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St.George pledges more bankers, investment and support for small business

Thursday, 10 October 2013

St.George launches Business Hub: a free, full-service office space for small businesses

St.George Bank today announced plans to employ 50 additional bankers and introduce Business Hubs, which will provide free office space for small businesses as part of a program to better support Australian small business.

St.George CEO George Frazis will unveil details of the program this morning at an event in Chatswood, jointly hosted by the Minister for Small Business, The Hon. Bruce Billson.

The three key initiatives being launched today include:

  • A call for 50 new bankers to join the St.George team, bringing more capability to support the growth of business customers and the St.George business
  • The St.George Business Hub, a St.George-funded, fully-serviced office space that provides the capacity for small businesses to establish and grow their operation, at no cost
  • An allocation by St.George of an additional $2 billion in lending for small business to cater for the increased demand from customers

Mr Frazis said St.George had a long and proud history of supporting small business and the new initiatives would ensure this commitment was further strengthened.

“I’m extremely excited to announce the launch of St.George Business Hub, which is a fantastic office space we’ve created for any small business to use while they get their business up and running. The St.George-funded work space in Chatswood will be the first in a series of Business Hubs we’ll be opening around the country, to help our business customers get a head start.

“We are also currently rolling out an innovative new servicing model for small businesses called Business Connect, which is part of the reason we need an additional 50 bankers to join our team. Our new servicing model, additional bankers, increased investment and the launch of our Business Hubs will make it easier than ever for small business customers to do their banking.

“We also know that access to funding remains a key issue for small business, so today, we want to tell small businesses that St.George has the capability and capacity to support their investment and growth goals,” he said.

The Minister for Small Business Bruce Billson said: “Access to finance remains a serious issue for many start-ups and small businesses and it’s great to see St.George getting on board and helping out the sector.”

“Hubs provide a fantastic venue for small businesses to work on their ideas and to network with other like-minded people,” said Mr Billson.

St.George Business Hub launches in November in Chatswood, Sydney, with more sites planned across the country, including a second Sydney site in the CBD shortly.