Business
Bank bosses welcome revamped business loan scheme – Sydney Morning Herald
The big four banks have given the thumbs up to the government’s scheme offering cheap loans to small and medium-sized businesses.
The big four bank chiefs have welcomed the federal governments revamped small business loan scheme, claiming it will provide a lifeline to the hardest-hit industries once JobKeeper payments are cut off.
The government significantly expanded its loan scheme for small-to-medium sized businesses on Thursday, increasing the size of eligible loans from $1 million to $5 million and raising the turnover threshold from $50 million to $250 million.
The loans are available to around 350,000 businesses and…
-
Noosa News23 hours agoMeet Chad Burgess, Pauline Hanson’s One Nation Party
-
General22 hours agoTyler Wright soaks up Bells Beach return as poor conditions at Rip Curl Pro sees men’s opening round called off
-
Noosa News23 hours agoWestern Queensland graziers begin grim stock count after catastrophic floods
-
General21 hours agoTruck driver charged with causing death by dangerous driving after highway crash