Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Government extends 'Rudd Bank' to protect Australian businesses

Staff Reporter 1 minute read

The government’s Australian Business Investment Partnership has been extended beyond commercial property ventures to now authorise loans made in any area of commercial activity.

The initiative, dubbed “Rudd Bank”, is a joint venture set up between the government and Big Four banks to protect against any withdrawal of foreign banks – traditionally significant funders of commercial activity – from the local market.

Yesterday, the fund was widened to provide refinancing for other commercial ventures unable to secure an arrangement, as the government moves to protect the economy from any widespread business collapses.

COMMENT HERE

Advertisement
Advertisement
Government extends 'Rudd Bank' to protect Australian businesses
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB