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Coronavirus and the Australian Government Guarantee Scheme for Loans

If you own a business, then these are uncertain financial times due to the impacts of coronavirus (Covid-19), and it can be difficult to find accurate information about what assistance is available to you. The Australian Government, the Reserve Bank of Australia and the Australian Prudential Regulation Authority have recently announced new initiatives to assist…

COVID-19 support for NAB SME customers – new low-rate loan up to $250,000

To support businesses in need of a quick cash flow injection to stay open and keep people in jobs, NAB has announced a new Business Support Loan The Business Support Loan will enable eligible businesses to apply for a loan of up to $250,000 at 4.5% p.a. from NAB with no repayments required in the first…