Those eligible for assistance will be able to talk through and draw up an action plan with a Business Link advisor. Each action point will be considered for grant assistance. The SBS Small Firms Loan Guarantee Scheme guarantees loans from the banks and other financial institutions for small firms that have viable business proposals but who have tried and failed to get a conventional loan because of a lack of security. The commercial aspects of the loan are matters between the borrower and the lender. Many business activities are eligible but there are a number of exclusions.
Loans are available for most business purposes although there are some restrictions.
Further information about the scheme can be obtained from the SBS Loan Guarantee Unit. Individual circumstances will still apply as will branch manager discretion. VAT Information VAT Concessions have now been approved regarding extending or deferring VAT payments. It will be available from 08.00 hours to 24.00 hours seven days a week. The scheme helps a trader s cashflow because in general VAT does not have to be paid to Customs until the customers have paid.