In a joint media release, the Hon Josh Frydenberg, Treasurer, and Senator Michaelia Cash have announced a $2 billion Australian Business Securitisation Fund to help give small and medium sized businesses more affordable, less risky access to loans and finance. The $2 billion will be administered to smaller business lending bodies who will then on-lend to SMEs at terms that are more reasonable and don’t force small business owners to put their personal assets at risk.
Many small business owners have limited equity and often have to put up their family home or other private property as collateral. It is hoped that by injecting the securitisation market with up to two billion additional dollars, SMEs will be able to secure initial and repeat funding required to grow and prosper in the early stages of running a business.
For details, download the Media Release here:

Treasurer-Media-Release-2-billion-fund-to-transform-small-business-access-to-funding

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