Liberty joins SME Recovery Loan Scheme
subscribe
A
A
The non-bank lender has become the latest lender to join the panel of the government’s SME Recovery Loan Scheme.
Liberty Financial (Liberty) has joined the lender panel of the government’s SME Recovery Loan Scheme.
As announced in March, the government initiative extends the Coronavirus Small-to-Medium Enterprises (SME) Loan Guarantee Scheme to not only cover businesses that were receiving the JobKeeper payment between 4 January 2021 and 28 March 2021, but also those in eligible Local Government Areas impacted by the floods in NSW and Queensland in March.
Under the scheme, which aims to help SMEs “access vital additional funding to get through the impact of coronavirus, recover and invest for the future”, the government guarantees 80 per cent of the loan amount.
By Justin Hendry on May 3, 2021 1:06PM
Accredited data recipients could vouch for or sponsor other businesses.
Businesses accredited to receive data under the consumer data right may soon be able to share it with unaccredited parties they work with, under changes being considered by the federal government.
New guidance released by Treasury late on Friday reveals plans to broaden the scheme’s data access arrangements, including opening two “new pathways” for businesses to obtain data, after consultation with the CDR community.
At present, only accredited data recipients (ADRs) are able to receive a consumer’s data from an accredited data holder, and use it to provide an enhanced product or service.
Former ME boss resurfaces at SocietyOne ahead of IPO
Former ME boss resurfaces at SocietyOne ahead of IPO
14 April 2021 4:05AM
McPhee, who exited ME last July, has been appointed a director of digital finance platform, SocietyOne.
He will be joined on the board by former American Express veteran Melanie Cochrane, who previously led the global card company’s merchant services business in the Asia Pacific region.
McPhee and Cochrane join SocietyOne at a critical moment for the business after it hired Evans and Partners to advise it on a possible IPO later this year.
SocietyOne continues to position itself aggressively as an alternative source of personal loans to the major banks, despite entering a strategic partnership with Westpac’s banking-as-a-service platform in February.
Banks move to ditch long-term low fixed rate offers warwickdailynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from warwickdailynews.com.au Daily Mail and Mail on Sunday newspapers.