Engine Room: Australian Economy and Access Finance

engine room: Treasurer Josh Frydenberg says small and medium-sized businesses are the engine room of the Australian economy but find it tough to access finance and, at times, forced to put up their own property as surety, according to Nine News Australia. The funds would be available to small banks and lenders to ensure businesses are firing on all cylinders . Treasurer Josh Frydenberg has unveiled a 2 billion fund to help small businesses. To improve your experience update it Josh Frydenberg unveils 2 billion election sweetener for small businesses By Lane Calcutt Political Reporter11 15am Nov 14, 2018Facebook Tweet Mail The Morrison government will make another pitch to small business ahead of next year's election, with a 2 billion fund to make it easier and cheaper to raise credit. AAP Small business employs three million Australians, half the private enterprise workforce. The new fund will buy bonds, packed with small and medium-sized business loans, sold to investors by regional and non-bank lenders. The government has already reached out to the sector, fast tracking tax cuts and slashing red tape, after the prime minister made it a priority when he took over from Malcolm Turnbull. (news.financializer.com). As reported in the news.