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Small businesses given a leg up as government extends loan program – The New Daily

Federal government will extend a modified version of its small business loan guarantee program in a bid to help SMEs get back on their feet.

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The federal government will extend a modified version of its small business loan guarantee program in a bid to help SMEs get back on their feet.
But the poor response to the first round of guarantees has raised questions about the effectiveness of an extension.
Treasurer Josh Frydenberg announced the federal government will guarantee 50 per cent of new unsecured loans up to $1 million made to small businesses from October 1.
The guarantees form the second phase of the Coronavirus SME Guarante…

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