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Why are Australian SMEs reluctant to take up Covid SME Guarantee Scheme?

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Why are Australian SMEs reluctant to take up Covid SME Guarantee Scheme?

Australian Small Businesses are reluctant to take up loans offered by commercial banks and guaranteed by the state.

The Federal Government announced the Covid SME Guarantee Scheme March 22, and earmarked A$40 billion to guarantee 50% of loans.

RIABU’s Simon Littlewood and Mark Laudi debate why SMEs are reluctant, whether they should take on such debt now, and whether SMEs can even meet the criteria of the banks to take them out in the first place.

Listen to the podcast here: https://riabu.podbean.com/e/why-are-australian-smes-reluctant-to-take-up-covid-sme-guarantee-scheme/

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RIABU helps companies of all sizes – but especially SMEs – be first in line to get paid. We provide you with insights into the past payment conduct of prospects and customers, and how long they are likely to take to pay their invoices, based on the experiences of other suppliers. RIABU also helps you to get paid on time in the future, by giving you access to the RIABU Academy. There you can find expert advice, best practice guides, and peer forums to improve your policies and processes and ensure you get paid faster.

Press contacts

Mark Laudi

Mark Laudi

Press contact Managing Partner (+65) 6223 2249