Fintech calls for SME Recovery Loan Scheme extension theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.
NSW offers SMEs COVID-19 cash grants
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The NSW government has launched a new grants package to support small businesses in NSW impacted by the current lockdown.
NSW Premier Gladys Berejiklian has outlined a package of grants of between $5,000 and $10,000 for small businesses – as well as a swathe of other support measures – to help SMEs survive the 14-day lockdown period and ongoing COVID-19 restrictions.
The small-business support grants, announced on Tuesday (29 June), aim to help alleviate cash flow constraints while trading is restricted. The grants can be used for business expenses such as rent, utilities and wages, for which no other government support is available.
TrailBlazer joins SME Recovery Loan Scheme panel
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The non-bank lender has become the 19th member of the government’s SME Recovery Loan Scheme.
TrailBlazer Finance, a boutique lender offering business loans, valuations, and M&A advice and execution to financial intermediaries, has joined the lender panel for the government’s SME Recovery Loan Scheme.
The government initiative extends the Coronavirus Small-to-Medium Enterprises (SME) Loan Guarantee Scheme to cover not only businesses that were receiving the JobKeeper payment between 4 January 2021 and 28 March 2021, but also those in eligible local government areas impacted by the floods in NSW and Queensland in March.
Liberty joins SME Recovery Loan Scheme
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The non-bank lender has become the latest lender to join the panel of the government’s SME Recovery Loan Scheme.
Liberty Financial (Liberty) has joined the lender panel of the government’s SME Recovery Loan Scheme.
As announced in March, the government initiative extends the Coronavirus Small-to-Medium Enterprises (SME) Loan Guarantee Scheme to not only cover businesses that were receiving the JobKeeper payment between 4 January 2021 and 28 March 2021, but also those in eligible Local Government Areas impacted by the floods in NSW and Queensland in March.
Under the scheme, which aims to help SMEs “access vital additional funding to get through the impact of coronavirus, recover and invest for the future”, the government guarantees 80 per cent of the loan amount.
Government extends loan scheme to flood-hit SMEs theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.