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.
Latest news
Tom Connell Those people with a home loan who have had a fixed rate are getting a shock as they come off that fixed rate. Often as low as two percent and onto the new variable rate that can be as high as six or even seven percent. So how is that affecting people out… Read more »
Australians facing difficult financial decisions are being reminded to get in touch with their bank and get the support they need to keep repayments on track. The Australian Banking Association (ABA) is extending its ‘don’t tough it out on your own’ campaign which was launched last year, with a further round of advertisements to run… Read more »
Steve Austin Well as you know, the Commonwealth Government has made it clear they consider access to cash a priority for the Australian economy and the country’s largest banks, as well as Coles, Woolworths, companies like Wesfarmers and Australia Post have been trying to put together a short term lifeline for Armaguard, who’s the company… Read more »