Government expands small business loan scheme eligibility

[vc_row][vc_column][vc_video link="https://www.youtube.com/watch?v=kwjLEDw3wfs"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]just first let's start on this this guaranteed loans the extension of that for small and medium businesses is more debt more dangerous for those businesses who can't afford it though well individual businesses will make their own decisions based on their own circumstances but this loan scheme has already been very successful more than 70 000 loans have been delivered worth more than six billion dollars now there had been a requirement that those recipients had been on job keeper during the march quarter we've removed that requirement obviously they need to have been impacted by covert but we're providing up to 5 million loans for up to 10 years with the first two years repayment free now that is a decision to enter into those loan agreements with the banks guaranteed by the government that individual businesses will make but no doubt this money will help with working capital it will help businesses expand maybe purchasing new machinery and equipment and in the words of cosboa the council of small business uh they have said this is great news and it will help their members rebuild and reopen so when is it available for them it's available now and there is agreements that were put in place with the major banks and with other lenders and those details will be available for for businesses to go and access that scheme and this scheme again is another element of the government's economic response plan of course we're providing grants untied grants to small businesses right around the country in partnership with the state governments we're providing up to 750 a week to people who've lost hours of work this is just another element of our economic response okay uh treasury you and the prime minister now urging premiers to stick to the national plan is your government's fate riding on this well this is about the fate of the country this is about the future of our communities this is about the strength and the resilience of our economy we know uh that we cannot live uh in the world where we're expecting to to reach zero covet zero covert forever is unrealistic they're not my words they're the words of the medical experts at the doherty institute and therefore it's incumbent upon the premiers and the chief ministers to stick to the plan that was agreed at national cabinet you see if we don't open up at 70 80 percent pete when do we open up when do kids go back to school when do businesses reopen when do we able to go and celebrate weddings or attend funerals of loved ones when do we move freely in our own country people need hope and the plan is that hope and that is why the premiers and the chief ministers need to stick to the agreement they made with the prime minister at national cabinet are you boxing with one hand here though treasurer because it's the premiers who call the shots well at the end of the day this the states make their individual public health orders but they need to be very conscious of the economic damage that will be caused by continuing lockdowns longer than they have to that's my point right now we're in the suppression phase as the vaccination program is gaining real momentum more than 215 jabs every minute of every day and we now have that 70 and 80 target in sight but we're told by the medical experts at the doherty institute that when you get to that 70 and 80 the transmissibility of the virus reduces the number of people who get serious illness reduces and then you can reopen safely you've heard from sharon lewin the head of the doherty institute it doesn't matter if you start with 30 cases or 800 cases you can reopen safely and that is our intention to reopen safely to allow businesses to reopen on that point the doherty institute says and she says if you open up with more cases you will have a greater load at least initially on the public health system so can you give any assurances that our hospitals can handle that influx well we're working with the state governments to ensure that our hospital system can and we do know that we've beefed up our ability to meet those increased caseloads right from day one of this pandemic we've been providing the economic support and we've been providing the health support see last year we had no alternative sharp hard lockdowns were the only way the virus could be suppressed this year is quite different because the vaccine is our ticket out of this crisis lockdowns are not our future the vaccination rate is our future and that's why it's so pleasing to see so many australians doing their part of the bargain now it's up to the premiers and the chief ministers to hold up their end sure like the prime minister was saying yesterday it is a deal that is in place with the australian public at the moment now today treasurer christmas exactly four months away will there be interstate travel before christmas well of course um that is what we would like to see we'd like to see more free freedom of movement across borders and that's why hitting those targets is so important but the good news for people watching your program this morning is that the vaccination rollout has really gained momentum it's happening faster than we've seen on the best days in the united states in the united kingdom and we really do have those targets of 70 80 percent in sight we we obviously focused first and foremost on those vulnerable cohorts where you've got now more than 85 percent of over 70s having received a jab you've got 75 of the over 50s having received a jab and you've got more than 50 percent of the eligible population having received the jab that is a really good sign that we are now moving in the right direction you can't make the premiers stick to the plan though can you well i think they're going to be very conscious of not only the public mood and sentiment which is shifting but of course the idea that they must live with the virus it's no alternative to living with the virus no other country has eliminated it and certainly australia according to the medical advice is not about to do to eliminate it therefore we need to have the right restrictions uh the right health systems to cope with living with the virus that's what we've been putting in place and now we're having this very frank open conversation with the australian people living with the virus does mean more cases it does mean deaths it does mean people getting seriously ill but the numbers of the people who have been who will be badly affected dramatically comes down as the vaccination rate goes up have you seen the crudes i haven't but obviously i saw the prime minister's comments last night and i can't confirm we didn't watch it last night either you didn't watch it together okay well that's good to know uh treasure we're out of time appreciate that we'll talk to you soon<br><!-- wp:image {"id":1776,"sizeSlug":"large","linkDestination":"none"} -->rn<figure class="wp-block-image size-large"><img class="wp-image-1776" src="https://en.videoencontexto.com/wp-content/uploads/2021/10/Government_expands_small_business_loan_scheme_eligibility_kwjLEDw3wfs.jpg" alt="Government expands small business loan scheme eligibility" /></figure>rn<!-- /wp:image -->[/vc_column_text][/vc_column][/vc_row]

Government expands small business loan scheme eligibility

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