These small businesses could be tourism operators, growers and exporters of fresh produce or businesses reliant on imports.
The hardship assistance program at La Trobe Financial is designed to help customers experiencing financial stress in times of unprecedented economic times.
The type of hardship assistance offered may include:
• A deferral of scheduled loan repayments;
• Waiving fees and charges;
• Temporary interest only periods to assist with cashflow; and
• Debt consolidation to help make repayments more manageable.
La Trobe Financial will work with its customers on a case-by-case basis and encourages any customer experiencing financial hardship, regardless of their circumstances, to contact them. Cory Bannister, Chief Lending Officer at La Trobe Financial, commented, “We recently announced a $1 million bushfire relief package to help people affected by the devastating bushfires across Australia. Today, 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.”
For small business customers affected by COVID-19, please contact our hardship assistance team directly on 1800 620 639 to find out if you are eligible for assistance.
About La Trobe Financial
Established m 1952 and with $12 billion of Assets Under Management, La Trobe Financial is one of Australia’s lead mg diversified wealth managers, specialising in funding and investment solutions. La Trobe Financial has been a proven and trusted investment partner for institutional and retail investors, operating Australia’s largest retail Credit Fund with $5 billion in assets under management and 50,000 retail investors. It is 80% owned by Blackstone, one of the world’s leading investment firms with more than US$649 billion of assets under management worldwide.
La Trobe Financial is regulated by the Australian Securities & Investments Commission and holds all requisite regulatory AFSL and ACL licences.
For further details please visit our website www.latrobefinancial.com.