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Small business payments up to $5,000 a week or 20% of payroll

Applications open for new Small Business Support Package: Payments can be up to $5,000 a week or 20% of payroll.

Applications have opened for the NSW Government’s Small Business Support Program, which provides financial assistance for small businesses hit hard by the disruption caused by the wave of Omicron cases.

The support package provides eligible businesses with financial support covering up to 20 per cent of weekly payroll, to a maximum payment of $5,000 a week. It is open to businesses with annual turnover of between $75,000 and $50 million who have suffered a decline in turnover of at least 40 per cent.

The minimum payment is $500 per week.

Eligible businesses will receive one payment for the 4-week period of February 2022. Businesses will not receive payment for January 2022.

  • Eligible businesses can use the funds to cover business costs including:
  • salaries and wages
  • utilities and rent
  • financial, legal or other advice
  • marketing and communications
  • perishable goods
  • other business costs.
SUV_Expo_2024_Meblbourne

Apply online now. A qualified accountant or tax agent can also apply on your behalf.

Applications close on 31 March 2022.

 

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