fbpx
Skip to main content
Get step-by-step help: Financial Assistance Hub

Coronavirus Assistance Available

14 February 2020

Help on offer for small businesses financially affected by coronavirus  


Australian small businesses financially impacted by the spread of the coronavirus are being urged to contact their bank to access assistance on offer which can include deferred loan payments, waiving fees and restructuring loans.   

Australian Banking Association CEO Anna Bligh said any small business should not tough it out on their own if they are financially impacted by the effects of the coronavirus. 


“Any business financially impacted by the effects of the coronavirus, such as tourism operators, growers and exporters of fresh produce and those reliant on international education should contact their bank to access the assistance on offer.”

Anna Bligh, ABA CEO

“Thousands of businesses have had a horror start to the year with drought, bushfires and floods. Now the coronavirus having a severe impact on both their ability to create products and also export them to markets overseas,” Ms Bligh said.  

“Banks have hardship teams in place to walk businesses through the assistance on offer if they have been impacted by events outside of their control. 

“Any business financially impacted by the effects of the coronavirus, such as tourism operators, growers and exporters of fresh produce and those reliant on international education should contact their bank to access the assistance on offer,” she said.  

The type of assistance offered will depend on individual circumstances, but can include: 

  • A deferral of scheduled loan repayments 
  • Waiving fees and charges 
  • Interest free periods or no interest rate increases 
  • Debt consolidation to help make repayments more manageable. 

Get details of your bank’s hardship team.

ENDS 
Contact: Rory Grant 0475 741 007 

Latest news

1 / 3
Media Releases
Bank branches to close for National Day of Mourning
19 September 2022

Bank branches will be closed on Thursday 22nd September due to the National Day of Morning.

Read more
Media Releases
Australian banks welcome legislative certainty on climate change
9 September 2022

“The impact of climate change, its mitigation, and the ongoing decarbonisation of the economy is now critical to every aspect of our lives,”

Read more
Media Releases
ABA welcomes increased migration cap from jobs summit
2 September 2022

“This is a positive step to resolving the acute labour shortages we’re seeing in our economy.”

Read more