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SME lenders to banks: Use it or lose it – The Australian Financial Review

Specialist lenders claim some lenders are dragging their feet on the SME loan scheme with claims some haven’t loaned out a red cent.

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“There is a good argument for this to be made public,” Mr Osborn said.
“If there are lenders who have an allocation they havent used, we are hopeful they would move those allocations to someone who can.”
Loans issued under the SME Coronavirus loan scheme are 50 per cent backed by the federal government. They were rolled out on March 22 as part of the first package of stimulus measures.
The loans were originally structured to include a six-month payment holiday, three-year terms and were cappe…

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