Coronavirus: Small business loan package needs reform

Katie Burgess
Updated April 14 2021 - 11:59pm, first published September 2 2020 - 4:00am
Treasurer Josh Frydenberg said the scheme was providing an unprecedented level of support. Picture: Sitthixay Ditthavong
Treasurer Josh Frydenberg said the scheme was providing an unprecedented level of support. Picture: Sitthixay Ditthavong

A government-backed loan scheme which was supposed to help small businesses survive the coronavirus crisis has been branded a failure, after only $1.7 billion of the $40 billion loan pool was used.

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Katie Burgess

Katie Burgess

Federal politics reporter