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Loan plan for SMEs

THE GOVERNMENT'S move to introduce a State-backed loan guarantee scheme for SMEs struggling to get credit has been welcomed by ISME.

ISME Chief Executive, Mark Fielding said that the initiative, proposed by the association, was long overdue and said it should help to maintain and grow thousands of businesses.

He added: "It is vitally important that this initiative covers all business and does not exclude viable companies in what banks might regard as difficult sectors."