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HSBC unveils new $5bn fund for small business

GLOBAL banking giant HSBC has set up a $US5 billion fund to help small and medium sized businesses get access to credit during the global financial crisis. The fund represents money “over and above” what the London-based bank would normally lend in the current business environment, and will be funded from its own resources, HSBC said in a statement. Such ...

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Opposition calls for tax relief to help SMEs with cashflow

Federal Shadow Small Business Minister Steven Ciobo has slammed the Federal Government for not doing enough to help small business, and says it should instruct the tax office to be more flexible with some tax provisions to ease the cash flow squeeze. Ciobo wants the Government to introduce flexibility for small businesses that are revising their PAYG tax installments. SMEs ...

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