Rise in higher risk loans as housing market surges smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Australia's banks and small businesses have welcomed the Government's new expanded loan scheme, saying it will help fuel the economic recovery. The new.
Mortgage Business
New SME Recovery Loan Scheme welcomed By Annie Kane 12 March 2021
Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.
On Thursday (11 March), the Prime Minister and Treasurer Josh Frydenberg unveiled a new $1.2 billion support package to help small businesses recover from the impact of the coronavirus pandemic.
The package, which largely targets airlines, hotels and caravan parks, restaurants and bars, travel agents and tourism operators, includes an expansion and extension of the Coronavirus SME Guarantee Scheme.
The new SME Recovery Loan Scheme is specifically targeted at SMES that received the JobKeeper payment between 4 January 2021 and 28 March 2021.
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