Michaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

We know that cash flow remains critical—in particular at this time—to small and family businesses. The boost in cash flow measure to date has delivered almost $7.79 billion in cash flow to nearly 440,000 businesses. Via this measure, money is going directly into the bank accounts of these small and medium businesses who employ Australians.

We're also facilitating greater access to finance through the SME guarantee. This is helping small and medium businesses access much-needed funds by providing lenders with a guarantee of 50 per cent of new, unsecured loans up to $250,000. Almost $1 billion of loans to small businesses have been approved to date. Again, small and medium businesses are the backbone of the Australian economy, and we will continue to support them.