Treasurer outlines measures for a ‘COVID-safe economy’ | ABC News

Treasurer Josh Frydenberg says Australia’s big four banks have agreed to speed up loan applications from businesses who are waiting for JobKeeper payments to come through.

Mr Frydenberg said the big four banks had agreed to special measures to help businesses pay their staff in the period before the payments arrive in the first week of May.

He said each bank would set up a “dedicated hotline” for businesses to get their hands on “bridging finance”.

Read more here: https://www.abc.net.au/news/2020-04-23/banks-agree-speed-up-loans-for-businesses-waiting-for-jobkeeper/12176632

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