The big banks want to make something perfectly clear. The Coronavirus SME Guarantee is not a grant or a handout. It is a loan - not a grant - and they expect to be repaid.
Treasurer Frydenberg said the plan would allow banks to lend money to customers they may not have been able to and at a cheaper rate. Alex Ellinghausen
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
