Fuel crisis: SME lenders roll out tailored support as costs surge
Specialist small business lenders are pledging to work with borrowers slammed by rising fuel costs, as the federal government encourages efforts to prevent widespread business failures.
Backdropped by the Iran war and persistent service station shortages, Treasurer Jim Chalmers last week announced commitments from Australian lenders to support businesses facing major cashflow challenges.
Borrowers can access temporary payment deferrals, restructured loans, and emergency credit limit increases, Chalmers said, with support varying with each business’ individual circumstances.
You've reached your article limit. Create a free account, or log in to continue.
Get our free newsletters in your inbox and extended article access by submitting your email.
Comments