False
The following data relates to the SME Loan Guarantee Schemes and is based on information provided by participating lenders. As at 30 June 2023:
- Nearly 106,000 loans have been provided to SMEs worth around $16 billion.
- $14.6 million has been paid to lenders under the guarantee.
- 17 lenders (6 ADI and 11 Non-ADI) have made 634 claims.
- The amount of credit outstanding is $9.1 billion.