The economic impact of the Covid-19 pandemic has been felt on a catastrophic level by so many, but none more so than small businesses across Australia.
With many simply having to put their businesses into a "coma" during the course of the public health directives from federal and state governments, and the subsequent stress and fear that arises as a result, it's critical owners know where to find assistance and support.
The Rural Financial Counselling Service NSW Central Region (based in Dubbo) has three areas of critical support on offer; rural counsellors, bushfire counsellors and small business counsellors.
Small business financial counsellors are qualified to assist you in navigating your way through the current assistance packages being offered by both federal and state governments.
There are grants and loans applicable to a variety of situations that may have affected your business. The service is free (it is subsidised by the Australian Government), but that doesn't lessen the level of skill and professionalism offered by its counsellors.
You can engage your counsellor to discuss strategies to negotiate with your lenders, suppliers, landlord, utility providers and the tax office, whichever is applicable to your operation and its current needs.
Your counsellor can assist you in managing your cashflow and budgeting requirements and identify options for you to recover from the financial impact of Covid-19 or drought or bushfire, whichever applies to you in your particular situation.
"If you are in financial difficulty, it's important to address your situation as soon as possible to give yourself and your business the best chance of a better outcome," RFCS NSW Central Region spokesman Philip Small said.
"Remember, that while your financial problems may be unique to you, most small businesses impacted by Covid-19 are facing them too, so please don't hesitate to reach out for support from us."
While your financial problems may be unique to you, most small businesses impacted by Covid-19 are facing them too, so please don't hesitate to reach out for support from usRFCS NSW Central Region counsellor Philip Small
For more information, phone 1800 940 404.