Prospa Government Guarantee funds, page-6

completely agree re defaults, but having access to (assuming) cheap government funding will allow them to extend credit to those businesses who need it most, hopefully avoiding any major defaults. businesses need to survive this downturn, and need the govt back credit to do to so- its in propsas best interest to try and carry the low risk customers through the next 6mknghs until recovery occurs.

I'm a very staunch believer that the retail recovery will be astonishing once lockdown is relieved, the built up demand and $$$ being thrown around after this will be nothing short of gobsmacking.

I know I for one, once this is over - will be eating out every day , blowing money at bars, restaurants and other small businesses that have reopened