The SME Recovery Loan Scheme – Revamped to Help More SMEs

The Government has recently announced a revamped lending initiative targeted at SMEs with a turnover of up to $250 million. The SME Recovery Loan Scheme builds on earlier loan schemes introduced during COVID-19. The most recent of which being Phase 2 of the SME Loan Guarantee Scheme which ended in June 2021. Eligibility for the new scheme i.e. SME Recovery Loan Scheme has been widened to better reflect the economic pressures Australia has encountered through its response to coronavirus. It

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