The Small Business and Family Ombudsman Bruce Billson has come out in support of moves by the banking sector to help SME clients to survive the latest New South Wales lockdown.
New South Wales announced a record number of new coronavirus cases for this wave of the pandemic, with over 100 in the Greater Sydney area yesterday, and no end in sight for a lockdown that is now more than two weeks old.
Banks have rallied around their clients and offered a range of solutions to struggling small businesses, from loan restructuring to deferrals on repayments.
Business NSW recently described the renewal of the lockdown last week as a crushing blow to the SME sector.
Its a positive move, said Billson. Its something that is worthy of support: the…
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