Government looks to super funds to back $2 billion small business plan.

November 20, 2018
Cara Waters

The government’s two part policy announced on Wednesday features a potential $2 billion investment in a securitisation fund to help small businesses access debt finance outside the big banks and the “encouragement” of the establishment of a growth fund to provide longer term equity funding.

Mr Frydenberg told Fairfax Media on Friday there was a clear need for the funds “with the big banks responsible for more than 80 per cent of small business loans that are less than $2 million, there are few alternative funding routes…..

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