NAB, Australia’s largest bank, is “seeing clear and widespread signs” of business getting back on track according to an article in the “Financial Review.”
What does this mean to SME owners as they consider the opportunities but also risks? Many businesses have suffered significant drops in income over the last 14 months and this has depleted cash available for gearing up to a new level of business operations.
SME executives will be asking where the extra cashflow will come from.
There are 2 streams of Government Guaranteed Loans available which depend on what stage of JobKeeper your business participated in.
The original loans, which have an Australian Government Guarantee of 50% which commenced in September 2020, require final applications to be submitted by 30th June 2021.
If your business was receiving JobKeeper payments up to 31 March 2021, there is a new series of loans 80% guaranteed by the Australian Government with applications open to 31st December 2021.
To access either of these loans, businesses will require:
- Business Plans
- Budgets and Cashflow Forecasts
If you would like more details, please visit - www.towersbusiness.com.au