Suncorp Bank, along with other Australian banks, has committed to an industry wide relief package to support small business customers experiencing financial difficulties as a result of COVID-19.
The package, led by the Australian Banking Association, is designed to help small businesses navigate the ongoing uncertainty as communities across the country respond to the challenges posed by the coronavirus.
Suncorp Bank Chief Executive Officer Lee Hatton said: “Banks are here for Australian small business owners because we know that when small businesses succeed, local communities thrive.
“If you’re a small business owner and you’re worried about your finances and business because of coronavirus then don’t be shy - pick up the phone, drop into our store or get in touch with your business banker. We’re here to help make things easier to get small business owners back on their feet and their business back on track,” Ms Hatton said.
From Monday 23 March, a deferral of principal and interest repayments is available for small businesses affected by COVID-19 for six months.
Suncorp will have a fast track approval process to ensure customers receive support as soon possible.