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Federal government sets up a fund to support Small and Medium Businesses

Treasurer Josh Frydenberg

Australian Treasurer Josh Frydenberg has taken aim at the Malaysian prime minister for his comments on Jewish people. (AAP) Source: AAP

Small and medium-sized businesses may soon be able to borrow money on cheaper terms under a $2 billion federal-government fund. Small-business owners with smaller financial assets, such as young people and newly arrived migrants, could benefit from the fund. It comes as the Coalition Government also considers setting up a separate fund to help small businesses grow.


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By Evan Young

Presented by Sarim Khem

Source: SBS



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Small and medium-sized businesses may soon be able to borrow money on cheaper terms under a $2 billion federal-government fund. Small-business owners with smaller financial assets, such as young people and newly arrived migrants, could benefit from the fund. It comes as the Coalition Government also considers setting up a separate fund to help small businesses grow.



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