Non-banks want in on govt's loan guarantee scheme

Wed, 15 Apr 2020

Specialist small business lender Prospa wants in on the government's business loan guarantee scheme. The ASX-listed non-bank lender has just been included in the Australian government's guarantee scheme for small to medium-sized businesses and wants the same access here. It claims more than 1,400 customers in this country and has lent them more than $52 million since launching here in September 2018, largely through mortgage and insurance brokers. "Access to the Australian government's scheme will enable Prospa to support thousands of...

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