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Firms urged to go back to banks for loans

Business finance guarantee scheme now better placed to process applications.

Brent Edwards Tue, 21 Apr 2020

Banks are facing criticism they are not doing enough to support firms, particularly given the government’s $6.25 billion business finance guarantee scheme.

Under the scheme, the government takes on 80% of the risk as it encourages banks to lend to firms to help keep them afloat during the

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Brent Edwards Tue, 21 Apr 2020
Contact the Writer: brent@nbr.co.nz
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Firms urged to go back to banks for loans
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