Talks to expand loan scheme to nonbanks are continuing
Ways to expand the scheme to include nonbank funders of small business are being sought but there are ‘legal and logistical’ issues, Treasury says
Ways to include nonbank funders in the state’s Covid-19 loan guarantee scheme are still under discussion, according to the Treasury and the Black Business Council (BBC).
On Sunday, the Treasury and SA Reserve Bank announced revisions to the scheme aimed at improving its disappointing take up, though the changes did not include the extension of the scheme to nonbank funders of SMEs. ..