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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
6 mins to read

Covid-19 loan scheme for SMEs a flop

Banks are treating the government-backed support like any other business loan.

Maria Slade Wed, 29 Apr 2020

Small businesses say the government’s loan guarantee scheme to help them survive the Covid-19 pandemic is failing miserably.

Numerous reports are surfacing of SMEs being unable to access the crisis funding because the banks are treating it as normal commercial lending and showing no

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Covid-19 loan scheme for SMEs a flop
General Business,
83428
true