SME News
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2020-04-30
Stock exchanges turn to Centre, state govts to fund SME share sales
Stock exchanges have approached the Centre and state governments for part-funding share sales of small and medium enterprises (SMEs). The NSE has asked several state governments to bear a portion of the issue expenses of SMEs, which want to list, ...
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2020-04-29
Chancellor unveils small business ‘Bounce Back Loans scheme’
Chancellor Rishi Sunak has unveiled a ‘Bounce Back Loans scheme’ offering loans up to £50,000 interest free for the first 12 months. The amount that can be borrowed is capped at 25% of turnover, while it will open on 4 May. &nbs...
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2020-04-29
German SMEs report sales losses of 75 bln euros in March due to coronavirus crisis
BERLIN, April 28 (Xinhua) -- More than 2.2 million small and medium-sized enterprises (SMEs) in Germany recorded sales losses in March due to the coronavirus crisis, according to a company survey published by the German development bank KfW on Tuesda...
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2020-04-29
Covid 19 coronavirus: Outlook bleak for SMEs without more aid, wage support helps but far from enough
Despite lockdown restrictions easing yesterday and the country moving into lockdown level 3, many businesses are struggling to see any light at the end of the tunnel. More than 500,000 small and medium enterprises operate in New Zealand and many b...
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2020-04-29
Alexis Ohanian’s Bet On Small Businesses And America’s Relentless Resilience
A sixth sense for spotting the next big thing is key to success in venture capital. In December 2019, Alexis Ohanian, cofounder of Reddit and managing partner at Initialized Capital, sensed an opportunity to disrupt the archaic small business lending...