Valuable relationships: how to help clients with loans
The pandemic-driven economic fallout has hit small and medium-sized enterprises (SMEs) particularly hard. Many Australian SMEs are bearing the brunt of unprecedented financial strain that has, in some instances, forced them to defer loan payments and seek funding support.
Regardless of communication by Australian banks about loan deferrals and access to finance, there is a great deal of complexity in applying for such support.
Now more than ever, accountants and finance professionals are well placed to offer much-needed advice and to help their clients access finance where needed.
This audio article covers some key factors and pointers for accountants to consider when helping their clients and their businesses navigate finance challenges.