22 Feb Chronicle Counsel: Small Business Support Program Starts
Small Business Support Program Starts – Small businesses can now apply for a NSW Government support payment of up to $5,000 per week through Service NSW.
Parliamentary Secretary for the Central Coast Adam Crouch said the Small Business Support Program will provide cashflow assistance to help local businesses get through the current COVID-19 outbreak and keep workers employed.
“Our Small Business Support Program is about making sure businesses that are viable over the medium and long term get through Omicron in good shape so we can bounce back better as case numbers fall,” Mr Crouch said.
“The Service NSW Business Concierge team and grant assessors are standing by ready to assist customers with applications and get financial support into the hands of business owners.
“The majority of customers submitting complete and eligible applications can expect to receive payment within five to 10 business days of approval of their application.
The program will provide targeted support to businesses with an annual turnover of between $75,000 and $50 million that experienced a decline in turnover of at least 40 per cent in January 2022 and the start of February 2022.
The payment for employing businesses will cover up to 20 per cent of weekly payroll, up to a maximum of $5,000 per week. Eligible non-employing businesses, such as sole traders, will receive $500 per week.
“This program is important to assist small businesses with cash flow and to continue trading.”
Funds can be used to cover business expenses such as wages, rent, loss of perishable goods, professional services and other costs.
Applications can be made online through the Service NSW MyAccount, by visiting a local service centre or by calling 13 77 88.
For more information on the support program, please visit the link here: