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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.

Online lenders warn SME loan scheme may miss the mark
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Online lenders warn SME loan scheme may miss the mark

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

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