The Victorian government has expanded the entry criteria for its $10,000 business support fund grants in a bid to assist more businesses during COVID-19. The second round of Small Business Grants includes $10,000 grants for eligible small businesses that employ staff and are receiving the JobKeeper extension from 28 September 2020 (JobKeeper … Under the CARES Act passed on March 27, 2020, independent contractors, small businesses, gig workers, and freelancers are eligible to receive a government grant of up to $10,000. The New South Wales state government unveiled its first stimulus package on March 17. Any advice included on this website has been prepared without taking into account your objectives, financial situations or needs. Grants of up to $30,000 are available. 257930) of LDB Financial Group Pty Ltd ABN 83 161 933 777 Shaky start to 2020 as Australian share market falls amid COVID-19 outbreak, JobKeeper payment scheme: what you need to do and required deadlines. Here's a guide to the JobKeeper payment scheme, including what you need to do, who needs to action it, and the deadlines you need to meet. The grant will give up to $10,000 to each business that's selected, which means it can extend to a minimum of 500 small establishments. The Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria… The government has also allocated up to $189.7 million over the next five years to support mature age Australians to adapt to the transitioning economy and develop the … significantly impacted by the Non-Essential Activity Directions is encouraged. Applications are now … If you need help understanding the various business support payments and what they mean for your specific situation, give us a call on (03) 9875 2900 or send us a message via the contact form below. If you have a business partner, they can attend with you at no extra cost. Is my business eligible to recieve the $10,000 grant… To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. In the first quarter of 2020, the Australian share market saw its fastest sell-off since 1987, as investors... LDB can help your business through the COVID-19 crisis, Personal financial advice and wealth creation, Have an annual turnover of more than $75,000; and, Have an annual payroll of less than $650,000; and, Hold an Australian Business Number (ABN) and have held that ABN at March 16, 2020 (date of the state of emergency declaration); and, Have been engaged in carrying out the operation of the business in Victoria on March 16, 2020; and, Operate in an industry sector that has been subject to closure or highly impacted by shutdown restrictions announced by the Victorian government; or. Export - encourage and support businesses to enter and expand into new overseas markets. The Victorian government has expanded the entry criteria for its $10,000 business support fund grants in a bid to assist more businesses during COVID-19. Find out how LDB can help you, contact us today: Sign up to our newsletter for the latest news, tips and important reminders from LDB: Liability limited by a scheme approved under Professional Standards Legislation. The package was announced today by Premier Annastacia … If your business needs assistance with support grants or general business advisory services, the trusted team at LDB can help. There is a program offered in every capital city in Australia. The Victorian Government’s economic survival package is providing businesses with one-off grants … Under the CARES Act passed on March 27, 2020, independent contractors, small businesses, gig workers, and freelancers are eligible to receive a government grant of up to $10,000. As part of the Victorian Government’s $1.7 billion Economic Survival Package to support business and employees, a Business Support Fund was Atlanta, GA – The federal government has unveiled a new streamlined process for Atlanta small businesses, affected by the Coronavirus, to apply for a COVID-19 Economic Injury Disaster Loan (EIDL). The NSW government will launch the largest assistance package for small business in its history, offering $750 million in grants for up to 75,000 businesses hamstrung by the COVID-19 … objective in mind. Learn about actions to support the flow of credit in the Australian economy, including for small and medium businesses… Before acting on the advice you should consider with a financial advisor, whether it’s appropriate to you, in light of your objectives, financial situation or needs. All rights reserved. We have lost 100% of our income due to restaurant closures. (Smaller businesses can receive $1,000 per employee.) To apply for a support grant now, businesses must: Businesses looking to apply should note that they will need to provide a copy of their most recent Business Activity Statement (BAS). The SBA works with different organizations to provide grants for small businesses. Copyright © 2019 Ashfords. Please note: the Third round of the Business Support Fund opened on Friday 18 September. In response to the COVID-19 outbreak, the government, through the Small Business Administration (SBA) is providing small businesses, sole proprietorships, and independent contractors a loan of up to $2 million, and a grant of up to $10,000, which may not have to be repaid, even if the loan application is denied. Businesses can find more information about program here, and start their application here. Victoria: Grants available to businesses affected by COVID-19 The Victorian government announced a $1.7 billion stimulus package on 21 March 2020 to support workers and small businesses. 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