False
The following data relates to the SME Loan Guarantee Schemes and is based on information provided by participating lenders. As at 30 June 2024:
- Nearly 109,000 loans have been provided to SMEs worth around $16.5 billion.
- $33 million has been paid to lenders under the guarantee.
- 20 lenders (7 ADI and 13 Non-ADI) have made 974 claims.
- The amount of credit outstanding is $7.4 billion.