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Thu Nov 7

Government sets up concessional loan scheme for drought-hit small businesses

Written by Michelle Grattan, Professorial Fellow, University of Canberra

The business drought loans will be up to $500,000, and include a two-year interest free period.AAP/Dan Peled

The government will provide concessional “drought loans” for small businesses dependent on agriculture, as well as improving the terms of loans under the existing scheme for farmers, in a package approved by cabinet on Wednesday.

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