SME News
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2020-04-03
Coronavirus stimulus : Banks say they are waiting on guidelines for SMEs loans
Banks are asking for more guidance from the U.S. Treasury as they get ready for thousands of businesses to tap into the government’s $349 billion small business loan stimulus plan. The Payroll Protection Plan, part of the $2 trillion package...
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2020-04-03
Food processing units among SMEs reopen
Around 40% of the 500 small and medium enterprises in Ernakulam district engaged in food processing have resumed operations after the State government decided to allow food processors to begin work. The government decision is aimed at ensuring availa...
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2020-04-03
Coronavirus : Chancellor Rishi Sunak unveils new measures to SME loan scheme
The chancellor is extending the coronavirus loan scheme for small and medium businesses who have been affected by the disease. The government's Covid Business Interruption Loan, a funding package, was originally created for firms who were unab...
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2020-04-02
P2P lending firms upbeat SMEs can repay loan on time during pandemic
Peer-to-peer (P2P) lenders to small and medium enterprises (SMEs) believe the coronavirus outbreak, which has disrupted most economic activities in Indonesia, will not affect their loan repayments. Aria Widyanto, the chief risk and sustainab...
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2020-04-02
Chinese SMEs to enjoy new financial sources
The Chinese government has launched a series of financial measures that will allow small-and-medium-sized enterprises (SMEs) and micro firms to enjoy extra financial sources of more than 3 trillion yuan (US$428.57 billion) this year. The standing ...