COVID-19: More Relief For Small Business As ABA Announce Loan Repayment Deferrals

The announcement earlier by the ABA that small business loan repayments will be deferred for six months will no doubt be a huge relief for so many small business owners in crisis at the moment.

To assist borrowers through the current COVID-19 situation, this package means that small business loan repayments will be deferred for six months and cases of hardship with mortgage repayments are now also open for consideration.

ABA CEO Anna Bligh commented that the deferral of bank repayments could put as much as $8 Billion back into the pockets of small businesses as they are combating difficult times.

Any small business who has not already been contacted should contact their bank to apply.

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