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.
AUTHOR
Laura Dew
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
