Australian businesses are facing unprecedented challenges as the consequences of the coronavirus disease 2019 (COVID-19) pandemic unfold. At this difficult time, it is critical to take measures to ensure that your business has sufficient working capital for at least three to six months and the risk of being required to repay or restructure your existing financing arrangements is mitigated to the maximum extent possible.
Australian borrowers should be actively reviewing their existing financing arrangements to assess the existing and potential impact of COVID-19.
Our note outlines some key points for Australian businesses to consider.
