The treasurer Josh Frydenberg has announced an extension of the SME Recovery Loan Scheme which was due to wrap up at the end of 2021. Around 80,000 loans worth approximately $7.3 billion have been written to date since the scheme commenced in March 2020. Eligible small and medium businesses will now have until June 30… Read more »
For anyone sitting back and taking note of reported metrics such as business confidence, unemployment rates, GDP growth, record real estate sales and new home builds, or looking at the share market reaching new highs, it’s hard to believe we are approaching 2 years of pandemic induced lockdowns, writes Tim Roberts, managing director of TR… Read more »
This is what I’m hearing from small business owners who have pivoted, been agile, re-imagined, and in many cases have re-mortgaged over the past 18 months, writes Amanda Newton. It’s heartbreaking to witness hope eroding as Melbourne’s lockdown 5.0 rolled quickly into lockdown 6.0, and for many small businesses, it’s seemingly harder to determine the difference between the calm… Read more »
A joint package worth billions, from the NSW and federal governments, is set to support NSW businesses and individuals impacted by the ongoing COVID-19 outbreak. The funding aims to get business cash flow moving again and ease the pressure on small business owners and individuals. The new support plan was announced by Prime Minister Scott… Read more »
Small business advocates are calling for the government to provide survival top-up grants to businesses and sole traders who are struggling to pay outgoings on their premises.
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the Victorian Government’s $26 million wellbeing initiative for small business owners and workers will save lives. “The enormity of this second wave lockdown and the psychological distress it is causing for small business owners cannot be underestimated,” Carnell said. “Given small business loans are… Read more »
2020 has been a tough slog for small business owners. First, there was the drought, then the bushfires, the coronavirus shutdowns and now a looming recession. So here at Kochie’s Business Builders, we’ve decided it’s time business owners caught a break. That’s why we’ve launched Small Business First. With that in mind, we’re throwing our… Read more »
Many small businesses and their employees have been badly impacted by drought, fire and flood. Now they face the impact a COVID-19 (coronavirus) pandemic.