Concerns About Business Funding From 1st October 2020 Onwards

Whilst the Australian government has announced that the Coronavirus SME Guarantee Loan will be redrawn and applications enabled until 30th June 2021, a $1 million maximum loan for a period of 5 years, with the money being able to be used for any business purpose, there is still an expectation that many businesses will have difficulties in negotiating with banks for new funding facilities from 1st October 2020.

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