TMM - News

Banks launch SME support loans

Wednesday 1st of April 2020

Applications are open for $6.25 billion in funding as part of the government's Business Finance Guarantee Scheme. 

The Scheme will provide loans for small and medium sized enterprises suffering amid the covid-19 outbreak and lockdown.

Banks will be able to provide $500,000 to SMEs to protect jobs and the economy. The government will take on 80% of the risk, with the ban...

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