Under the Coronavirus SME Guarantee Scheme, the Government is providing a guarantee of 50% to banks for unsecured loans to be used for working capital.
SMEs and sole traders with a turnover of up to $50 million are eligible to receive these loans.
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My business got support but I need it too
Running a small business can be tough. It’s really important to look after yourself. Regular exercise, a healthy diet and getting enough sleep is a good start, but sometimes you need more support.
The good news is there is help available if you need it. Get free mental health support from qualified coaches through Beyond Blue’s NewAccess for Small Business Owners program.