Prospa Group Limited (ASX:PGL) finalised amendments to its warehouse facilities that fund Prospa’s small business loans and lines of credit and all funders have replied supportively. Some details include:
- Enhanced ability to assist customers amid COVID-19 including lower payments, revised payment schedules and deferrals
- Increased capacity to derive its small business loan and line of credit products, including new products under the Government’s Coronavirus SME Loan Guarantee Scheme
- PGL’s 3 largest warehouse facilities mature in December 2021, February 2022 and May 2022 respectively, unless extended before these dates.