Following the RBA's announcement to cut the cash rate to a record 0.25%, and the subsequent announcement to set up a $90 billion term funding facility for banks to use to support SME clients, the Australian Banking Association has today announced it will defer loan repayments for six months for those SME's affected by Coronavirus.
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If your business has been adversely affected by the coronavirus, please contact your Nexia Edwards Marshall Advisor to discover how we can help you.
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