Business
COVID could kill 160,000 small businesses in Australia: Judo Bank – The Australian Financial Review
Judo’s co-founders say the budget should provide a boost to confidence, but stimulus is needed through to the middle of 2021 to save many SMEs.
Judo’s internal analysis has found almost 8 per cent of the 2 million SMEs, mostly at the smaller end of the market, may not recover from the crisis. “What we do know, of course, is there is going to be a whole number of small businesses that will go out of business and right now, a number of small businesses are on a lifeline,” Mr Healy said.
“It is difficult to be precise in terms of figures, but at the smaller end of SMEs and thinking about businesses that depend on foot traffic in the CBD, …
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