Relief for small businesses facing bushfire recovery

THE Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the Federal Government’s announcement today of a new $10,000 grant and simplified access to existing loans for small businesses impacted by the recent bushfires.

“It’s great to see both the Federal and NSW governments recognise the problems small businesses are experiencing during the bushfire recovery process,” Ms Carnell said.

“The excessive red tape and unnecessary bureaucracy standing in the way of small business owners getting the loans or grants they are entitled to, is counterproductive.

“The announcement today of the $10,000 grant will help businesses affected by the bushfires to stay afloat and keep their staff.

“This money can be used in a variety of ways so I urge small businesses to see their local financial advisor to put together a plan to get through the next six to 12 months.

“The announcement also outlines a reduction in bureaucratic requirements for eligibility for low-interest loans which will make it easier for small businesses to apply," Ms Carnell said.

 “We understand that many small business owners are not confident enough to apply for loans, but for those who have decided to continue on with their business, these loans are a good option to help businesses get back on their feet.”

Further details are available on the National Bushfire Recovery Agency website at www.bushfirerecovery.gov.au/recovery-assistance/small-business.

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