One way we help owners of small businesses in regional Queensland is through accessing government assistance in the form of grants. So what is a grant?
For small business owners, it is money that is offered to eligible businesses by the government and is usually given for a specific purpose. Types of grants include:
The great news is, that with a grant you don’t have to pay it back, so in that way is very different to a loan.
Right now, with Covid 19, there is a range of financial support that the government is offering to help Australian businesses get back on their feet.
One thing that I have noticed with regional Queenslanders is that they are resilient … and don’t always like the idea of accessing support and funding. They often think that ‘there are others who are worse off’.
Though that is endearing ….. sometimes it’s not always the best way forward for our communities, particularly with Covid19 … as all of Australia is impacted and therefore all our communities need to be aware of what is needed to restart.
Assessing financial government support through grants helps keep business in small towns moving forward.
I will give you an example:
I have been working with a few small businesses who rely on travellers and tourists for the large percentage of their annual turnover. They usually have a busy 6 months and then draw down on their cash reserves over the quiet 6 months. However, we know that the tourist season in some small towns is not like usual.
This season has been shorter, and therefore cash reserves traditionally used during the quiet season may be lower than usual.
Successful grant applications can help bridge the gap with some grants being used to pay for electricity, rates, rent …. As we saw with the recent Adaption Grants.
All small businesses in small towns matter
… and by attracting funds to your business you are adding support and value to your community.
So what can you do to position yourself for applying for a grant?
But not everyone feels comfortable with applying for grants … and that is where we come in
Sometimes can be overwhelmed by online applications and ‘not bother’ but that is where a Small Business Financial Counsellor can help – and the best news is that our services are free and confidential. We can either meet face to face or even have an initial conversation over the phone and go on from there!