Looking for some silver lining out of the current state of affairs? This piece from Mozo might just do that for us. It’s by Tom Watson and it’s called ABS data reveals extent of COVID-19 financial hit to Australian businesses.
Here’s a short excerpt:
While the overwhelming trend unveiled in the recent ABS data release revealed a severe financial hit, 11% of businesses did report an increase in demand for their products while 4% actually recorded an increase in turnover or cash flow.
If your business is lucky enough to be part of the cohort financially unaffected by the measures taken to combat the COVID-19 outbreak, you’ll still be able to access finance from banks and other lenders by way of a business loan.
To learn more, read the full article at the link below…