Govt's $6.25b business guarantee better for later lending: banks

Thu, 07 May 2020

The government's business finance guarantee scheme is something most firms won't be interested in applying for until further down the track into the recovery from the economic shock of the coronavirus crisis, according to the major banks. ANZ Bank said the changes the Treasury had made "would make accessing the business finance guarantee scheme easier for some businesses. As a general trend, we're seeing businesses explore other options before taking on additional debt at this stage," a spokesperson said. The changes include removing the...

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