La Trobe offers support for COVID-19 affected businesses


La Trobe Financial will offer hardship assistance for small business customers whose livelihood has been affected by COVID-19.
The company said it recognised that these were ‘unprecedented economic times’ for businesses and encouraged firms to contact them regardless of their circumstances.
Assistance offered by La Trobe included:
- Deferral of scheduled loan repayments;
- Waiving fees and charges;
- Temporary interest-only periods to assist with cashflow; and
- Debt consolidation to make repayments more manageable.
Cory Bannister, chief lending officer at La Trobe, said: “We are looking out for our customers who have been impacted by the spread of COVID-19. As always, we remain committed to helping our customers through these challenging times.”
This followed a $1 million assistance package earlier this year for those affected by the summer’s bushfires.
Affected customers were urged to call the hardship assistance team on 1800 620 639.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.