‘JobKeeper loans’ surpass $500m
Businesses on JobKeeper have borrowed a total of $521 million from the banks, latest data from the ABA has revealed, with government-backed SME loans now reaching a value of $1.45 billion.
As of 27 May, banks have concluded 10,145 “JobKeeper loans” to the tune of some $521 million, with an additional $1.45 billion being rolled out to small and medium-sized firms under the SME guarantee scheme, the Australian Banking Association (ABA) has revealed.
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