Storm and Flood Relief: Support Available for Businesses
As the wet season intensifies businesses are confronting heightened risks from flooding and storms. Small businesses in particular face daunting challenges with the potential for revenue loss, property damage and disruptions to supply chains.
Assessing the impact on your business can be a daunting task and the efforts required for recovery may seem overwhelming. However, it’s essential to know that support is available.
The Australian Government offers a range of financial assistance to help you get your business back up and running.
Here’s a few examples of the types of support available:
- Individual and business grants
- Loans for small businesses and non-profit organisations
The level of assistance available may depend on the severity of the disaster and where your business is located. For example, businesses affected by the 2024 NSW East Coast Flooding may qualify for a $130,000 loan and transport subsidies up to $15,000.
Our team of advisors can help navigate the complexities of accessing government support and assist in developing an effective recovery plan tailored to your business’s circumstances.
From understanding your financial position to confidently communicating this information to third parties, we can help simplify the process and mitigate the impact of a flood on your business. We can help identify what grants and financial support are available in your area and whether you are eligible.
Additionally, we can help you access the funding and facilitate submission of application forms including assistance with gathering the required documents.
The impact of a flood event on your financial position can continue into the longer term, we can support you as you develop forward plans to manage your business and increase your financial management capacity.
For more information about the type of government financial support available contact Simmons Livingstone on 1800 618 800 or via email at admin@simmonslivingstone.com.au
