NSW & QLD Flooding Assistance – Government & Bank support and assistance packages that may help your business get back on its feet.
With the recent flooding hitting the East Coast, we hope to provide some advice and support where possible to help affected businesses from the February – March 2022 floods. There are numerous government support grants & loans that may help your business get back on its feet.
While some businesses were eligible to make an insurance claim for damages, many did not had that opportunity or found themselves not covered for damages. In addition to the Government Support Packages, Australian banks are offering some relief in the form of loan repayment deferrals (up to three months) for home, personal and some business loans. Some banks are also offering the waiving of fees for accessing term deposits early, credit card payment deferrals, temporary overdrafts and emergency credit limit increases, plus much more. Below is a list of the available support options that may be relevant to your business.
Listed below are Government Support schemes that may assist in the recovery of your business and home. The jointly funded Commonwealth/State Emergency Hardship Assistance Grant is available for anyone who lives in the eligible areas and needs to pay for food, clothing, medical supplies or temporary accommodation. Some of these grants close as early as the 28th of March so we recommend applying as soon as you can.
Note: If you were affected by the storms and floods in November and December 2021, you may be eligible for the separate
storm and flood disaster recovery small business grant (November and December 2021).
Finlease clients can call their brokers to talk through any queries they may have
The above information is provided at a conceptual level and may not be applicable in every case. Please check eligibility prior to any submissions, to find out if you may be eligible, or to discover how your financial institution could assist you in this difficult time, consider visiting their website for more information or reaching out directly.
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