Business
Virus loans flatline as NAB blocks borrowers – The Australian Financial Review
Lenders are said to have discouraged small businesses from using a scheme that gives borrowers access to loans that are partly backed by the government.
A spokeswoman for the bank said it was aware that concerns had been raised about the suitability of its criteria and would remove it.
We have actively supported our customers during the COVID-19 pandemic, including lending $2.4 billion a month to businesses during the crisis, deferred billions of dollars in loans and backed the federal governments SME Guarantee loan scheme, the spokeswoman said.
The bank is the only big four lender to spell out its policy of excluding borrowers from the program…
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