Smart finance strategies to assist you, and your business through COVID-19.

Helping Australian businesses remain viable and keeping people in their homes is good for everyone. The Australian Banking Association is doing their best to ensure all banks within Australia are providing the very best service to their clients.

 

Did you know that relief has now been extended to 98% of all businesses that have loans with an Australian bank?

If you need to, you can contact your bank online today to:

–  get a six month deferral of your business loan or

– ask about a six month deferral on your mortgage

 

It is also a suitable time to check you are receiving the best rate on your personal or business loans. As at 20 March 2020 the average interest rate in Australia for home loans is 3.60%, and the average interest rate for small business is 5.22%. Even if you don’t need to defer your loan, make it a priority to check the current details of your loans, and speak to your bank about getting a better rate.

 

If you need assistance understanding your loans or cash flow, please don’t hesitate to contact our finance and loans experts at STS Accounting Group.
Our team are able to outline the options that are available to you and can assist you to make difficult decisions at the right time.
We will support you so that you can achieve the best outcome for you and or your business over the coming months and years.

 

With an in-house finance division, STS Accounting Group can also assist with insurance premium funding, cash flow funding & debt consolidation packages. Along with these finance solutions, we can also help with residential loans, property investment loans, commercial loans, equipment finance, and motor vehicle finance.

 

Being strategic with your finances is crucial at this uncertain time. Please make time to call one of our expert STS accountants – just one conversation can change your future.

Call STS Accounting Group today:

Torquay (03) 5261 2262

Winchelsea (03) 5267 2673