The world is changing. Things are happening that are out of our control, but we want to remind you that we’re here to help. ALC Commercial can offer loans for small businesses even in a time as financially unstable as this one. And with the devastating effects of COVID-19 hitting small businesses harder than ever, it might be a good time to start applying for one. So what’s the low down with COVID-19 and loans for small businesses?
What’s happening this moment?
Unless you’ve been living under a rock these past few months, you’d probably have a fair understanding of what we are talking about. In December last year, a new strain of coronavirus (COVID-19) got its claws out and managed to begin infiltrating our society at full force. The World Health Organization declared a pandemic, and circumstances have been escalating ever since.
If there’s one thing we can all agree on, the fear-inducing language of the media has not exactly helped. It’s been a chain effect, where people have started panic-buying, influencing others to panic-buy, leading to the ghostly barren shelves of the toilet paper section at your local supermarket. And now, it’s not just toilet paper.
Any Australian supermarket you enter emits an eerie, post-apocalyptic vibe. Locals hover at their instructed two-metre distances, scouring the shelves for the last packet of pasta or minced meat. Don’t expect to find bread on the shelves in the evening, and you can absolutely forget about hand sanitizer.
Lockdown and Isolation for businesses
Along with the panic-buying, there has been a gradual self-isolation and lock-down process. Our government has been taking to the screens to give us regular updates and we can now see the official shutdown of non-essential businesses taking place in Australia.
Non-essential businesses have been hit hard
No more cafe outings. No more clubbing. No more hospitality venues to be open for the meantime. It seems to get more and more draconian by the day. However, hospitality or not, it is evident that small businesses across the country are taking a massive hit from all of this economic distress.
How can a small business loan help?
Our deepest sympathy goes out to all small business owners out there. Times are going to be tough, but we need to think of innovative and creative ways to keep ourselves on our feet.
Adapt your business to survive
Many of you are turning to delivery options and online possibilities, but for those already struggling financially, it could be tough to get new ideas up and running. This is where ALC Commercial steps in. We offer a variety of business loans to help small businesses amidst the COVID-19 panic. From Low Doc and Bad Credit Loans, to No Credit Check and Short Term Business Loans, we’re here to lend a helping hand. Enquire now to get started on your loan application today.