The coronavirus is causing financial difficulties for businesses across the nation, here are five resources that can help you navigate this difficult situation.
The COVID-19 coronavirus is a major global health concern and puts most businesses at economic risk. If your business is struggling due to the current crisis, we've sourced some resources that can help.
The following are lists of websites to help businesses and people understand how to navigate the COVID-19 coronavirus. There are also guidelines on how business owners can ensure they are keeping their customers and employees safe.
Support for Businesses
The Treasury website details how the Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses. Click here for more info.
The Treasury Coronavirus SME Guarantee Scheme
The Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme will support up to $40 billion of lending to SMEs.
Under the Scheme, the Government will guarantee 50 per cent of new loans issued by eligible lenders to SMEs.
The Scheme will enhance lenders’ willingness and ability to provide credit, supporting many otherwise viable SMEs to access vital additional funding to get through the impact of Coronavirus. Click here for more info.
Coronavirus information and support for business
Business.gov.au provides great tools to find financial assistance, eligibility and timing for the new government support for Australian businesses. Their website is continually updated with the latest information. Click here for more info.
Small Business Development Corporation: Coronavirus stimulus package
On 22 March 2020, the Australian Government announced an additional $66 billion stimulus package to support the Australian economy through the challenge of coronavirus. This is in addition to the $17.6 billion package announced on 12 March 2020. Small Business Development Corporation website provides up to date information on main areas of support relevant to small businesses. Click here for more info.
Australian Taxation Office (ATO)
The ATO website will provide you with the relevant Legislations and the Australian Government's Economic Response to Coronavirus. Click here for more info.
WA: Coronavirus: COVID-19 business and industry advice
The Wa.gov.au website will provide businesses in WA with the latest information and advice for business and industry regarding COVID-19 coronavirus. Click here for more info.
WA: Small Business WA -Dealing with coronavirus
Business in WA can also seek support on Small Business WA's website. They have a range of support information focused on the needs of small business owners. From guides on preparing your business against coronavirus to free online webinars focused on dealing with business disruptions. Click here for more info.
VIC: Coronavirus Business Support
The Business Victoria website provides, advice, updates and support to help your workplace plan and respond to coronavirus COVID-19. Click here for more info.
QLD: Department of Employment, Small Business and Training
A good place to start to review a range of support is available for small businesses and employees, including apprentices and trainees, to manage the impacts of the coronavirus outbreak. Click here for more info.
QLD: Novel coronavirus small business support
The Business Queensland website provides excellent guidelines and support tools for business including important information from Payroll tax relief package to Financial Workshops to learn about financial management and business planning. Click here for more info.
The COVID-19 coronavirus pandemic is affecting businesses in many ways. During this outbreak businesses are being forced to adapt and we at Australian Tenders will do be doing our best to help bring you the best resources and information to help you navigate through this challenging time. We are based in Perth and working from home where possible. We wish you the very best in navigating this stressful time from our working family to yours. We remain here and operating normally for your tendering needs.