SME News
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2020-03-30
Mnuchin Says Small Business Loans Up and Running This Week
Treasury Secretary Steve Mnuchin said he expects to have a small business loan program up and running in the coming week while workers can expect aid from the $2 trillion stimulus package in the form of direct deposits or checks in about three weeks....
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2020-03-30
COVID-19: BUSINESS/PARTNERS to administer Rupert family’s R1bn fund for small businesses
The disruption brought on by the Coronavirus Disease 2019 (COVID-19) has left many small-and-medium enterprises (SMEs) across the world uncertain about their future. Couple this with a low growth environment, South Africa entering a technical r...
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2020-03-28
Government boosts wage subsidy to 75% for small, medium businesses to avoid layoffs during COVID-19 crisis
Prime Minister Justin Trudeau today announced more help for small and medium-sized businesses to keep employees on the payroll during the COVID-19 crisis, including a 75 per cent wage subsidy and guaranteed interest-free loans. During a news confe...
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2020-03-28
Digital taskforce seeks lenders for Covid-19 SME cashflow project
A consortium of fintech companies has joined forces in a push to sign-up lenders looking to ease SME cashflows during the Covid-19 outbreak in the UK. The “fintech taskforce” said its digital lending platform is designed to suppo...
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2020-03-28
SME lending rose 1% last year to €5.4bn, Central Bank figures show
Lending to small and medium-sized businesses jumped in the final three months of 2019 on the back of increased funding for property-related investments, new figures reveal. According to data from the Central Bank, gross new lending to SMEs was &eu...