Welcome to our September monthly newsletter!
The Government has expanded the SME Recovery Loan Scheme to now include businesses that didn’t receive JobKeeper payments. Previously to be eligible to apply for the scheme, a business needed to receive JobKeeper payments but now any small or medium business with a turnover of less than $250 million can apply as long as they can show that they are facing sustained economic impact as a result of the pandemic. If eligible, a business could receive a loan of up to $5 million over a 10-year term.
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