Small Business Restructuring Loans
Many small businesses are finding that the COVID-19 hangover is catching up with them as the ATO, banks, and trade suppliers change their policies towards credit management. The Federal Government introduced the Small Business Restructuring reforms, which aimed to simplify and expedite the process of restructuring existing debts, thus maximising the chances of small business survival. These reforms are designed to address the unique challenges faced by small businesses, providing them with a faster, less complex, and more cost-effective pathway to restructure their debts and return to profitability.
Hermes has a funding solution to help small business owners make the most of this process, giving them another shot at prosperity. Our solution aligns with the government’s reforms by offering financial support tailored to the needs of small businesses undergoing restructuring, thereby enhancing their ability to navigate financial distress and emerge stronger.
See if you or your client qualifies, complete your details below and we will be in touch.