More info on business help
24 April 2020
Priority for businesses wanting to cover wages
Australia’s banks have bolstered their efforts to help businesses needing funding to bridge the gap until the first Jobkeeper payments in May.
These JobKeeper hotlines are now live:
- ANZ: 1800 571 123
- Bank of Melbourne: 1300 784 873
- Bank SA: 1300 669 472
- BOQ: 1300 55 72 72
- Bendigo Bank – web enquiry only
- CommBank: 13 26 07
- NAB: 1800 JOBKEEPER (1800 562 533)
- St George: 1300 730 196
- Suncorp Bank: 13 11 55 (then select 1,3,3,1)
- Westpac: 1300 731 073
Banks are also fast-tracking efforts to streamline assessments with the ATO that confirm JobKeeper eligibility.
These efforts will help add to the $700 million worth of loans already provided to businesses to help them through the economic crisis caused by the coronavirus pandemic.
The industry has a range of support to small businesses affected by COVID19, including six month deferrals on loans attached to the business, extending existing lines of credit and waiving fees and charges.
Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.
Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.