“Because it was paid upfront the wage subsidy has meant that many businesses have not yet had the need to look for other assistance. Many businesses needing a loan so far have, for example, opted to quickly roll over short-term funding or extend overdrafts already in place with their bank.”
Slow up-take up on Govt-backed business loan scheme: just $23 million lent out of potential $6.25 billion
May 7, 2020