Govt throws kitchen sink at struggling SMEs: new loan guarantee scheme detail

Pattrick Smellie
Fri, 01 May 2020

Deep concerns about the economic pain among small and medium-sized businesses will see onerous aspects of the government's bank finance support scheme removed and its scope extended to much smaller businesses. The detail from the Treasury, just before 5pm, was the second initiative today intended to pump survival cash into the nation's struggling small traders. The changes were foreshadowed without detail earlier today by Finance Minister Grant Robertson when he announced another scheme giving small businesses up to $100,000 of lending th...

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