Business loan relief in bailout expansion

Original article by Geoff Chambers, Simon Benson
The Australian – Page: 1 & 6 : 30-Mar-20

The major banks will announce on 30 March that companies with loans totalling up to $10 million will be able to defer payments for six months in order to help save jobs during the coronavirus crisis. It is understood that the federal government will expand its 50 per cent loan guarantee for to small and medium enterprises to big business, while the Australian Banking Association will build on its previously announced small business support package with additional assistance measures.

CORPORATES
AUSTRALIAN BANKING ASSOCIATION

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