Recently Australian banks adopted a new Banking Code of Practice.
The new Code now includes provisions that will help small businesses in a number of ways:
Loans under $3 million will have fewer and fairer conditions.
Longer notice periods will be required when loan conditions change.
Communication with customers and transparency will be enhanced when banks engage valuers and insolvency practitioners.

Only time will tell whether the new Code will have a significant impact on a number of small businesses being able to access bank funds without providing real estate security.