The AOFM yesterday rang for the bell for small bank, non-banks and fintechs to drum up new lending that may qualify for funding at subsidised interest rates. Only loans approved from yesterday, Thursday 11 April will be eligible.The Australian Business Securitisation Fund (ABSF) Act 2019 became law late last Friday, and interested entities now have final guidance, just nothing too prescriptive.A detailed, prescriptive set of investment guidelines "is unlikely to be fit for purpose and so instead the AOFM will be taking a principles-based approach," the Federal Government's funding agency said in its first Operational Notice on the topic.The final guidelines need a lot more work."These principles will be released by no later than late May in draft form for industry comment," the AOFM said.One unknown is whether all or only some of this help will be at subsidised rates, given this intervention may "undermine non-banks' ability to attract third party investment to the sector, which it sees as crucial to meeting the objectives of the fund, and the market development goals of the program".The AOFM made it clear fintechs and others eager to eat from the taxpayer trough must be patient.The AOFM said it "is not seeking to receive investment proposals at this stage. "The AOFM will call for proposals to invest ABSF funds when the investment principles have been finalised and released."