Business
NAB to offer six-month deferred loans for businesses impacted by coronavirus – NEWS.com.au
NAB to offer six-month deferred loans for businesses impacted by coronavirus
National Australia Bank will defer loan repayments by up to six months for businesses urgently needing to access funds to endure the economic storm sparked by the coronavirus pandemic. The major bank will implement a new loan scheme, which will allow small businesses to access up to $1 million, with no repayments required for the first six months of accessing the debt facility.
NAB’s new Business Support Loan follows a revision of the SME guarantee scheme, which is providing businesses with deb…
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