Only 15,600 business loans worth $1.5 billion have been issued out of the $40 billion available under the scheme announced in the March stimulus package with banks and the government committing $20 billion each.
Read more at The Age.
Online lenders warn SME loan scheme may miss the mark
Australian online lenders have seen little uptake of the federal government’s revamped $40 billion small business guarantee scheme, raising concerns the stimulus measure won't benefit small and medium businesses.
