Another iconic Perth tourism business facing closure after being denied access to loan
The Perth Explorer Hop-on, Hop-off bus service that has been a feature of Perth’s streets is facing closure unless it gains access to an emergency loan.
Director and co-owner Martin Wright has been running the tourism business for 17 years, but says the pandemic has destroyed demand.
“We know that 90 per cent of our business is international or interstate,” Mr Wright told Millsy on 6PR Afternoons.
Despite the huge toll that the pandemic has taken on the business, it still hasn’t qualified them for a government-backed SME recovery loan.
“What’s happened is that these loans are actually distributed by the major banks, and lending agencies,” he said.
“And they still have to abide by the responsible lending of money criteria as laid down by ASIC.
“So you just keep going round in circles, you make the application, you contact an MP, you explain this to them … but they don’t want to seem to do anything with the lenders.”
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