The banks and other financial institutions have had extensive discussions about the potential impact of the COVID-19 crisis on their Small and Medium Enterprise (SME) customers. SMEs should contact their financial institutions to ask about support during this difficult period, including:
- Potential payment deferrals/moratoriums or extensions on business
- Accessing short term working capital support at reduced rates;
- Early access to term deposits without penalty for breaking
- Temporary fee waivers on various bank services.
loans, mortgages and car loans;
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