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’Modest’: Size of small business lending fund in spotlight

’Modest’: Size of small business lending fund in spotlight

Australia’s small business securitisation fund needs to be bigger and amp up faster if it’s going to work as intended, according to submissions on the government’s lending plan.

by Shared by The Sydney Morning Herald | Mar 6, 2019

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The Morrison government outlined a plan last November to improve small business access to finance through a $2 billion fund to buy bonds drawn from a pool of small business loans and in turn provide cheaper funding to smaller banks and non-bank lenders.