Australia expands loan scheme for virus-hit firms, raises limit | Malay Mail

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SYDNEY, July 20 — Australia will extend its coronavirus loan guarantee scheme for small businesses and increase the credit limit to up to A$1 million (RM2.97) from A$250,000, Treasurer Josh Frydenberg said today. The expanded scheme, which will begin in October this year and run till June 2021,...

The expanded scheme, which will begin in October this year and run till June 2021, will also allow businesses with a turnover of under A$50 million to apply for loans to fund their investment plans. — Reuters pic

The expanded scheme, which will begin in October this year and run till June 2021, will also allow businesses with a turnover of under A$50 million to apply for loans to fund their investment plans.“The next phase of the coronavirus small and medium enterprises guarantee scheme will help businesses move out of hibernation, successfully adapt to the new Covid-safe economy and invest for the future,” Frydenberg said in a statement.

 

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