Bendigo Bank assistance packages
Financial assistance package
If you need financial help during a difficult time for your not-for-profit, we continue to offer an assistance package that is considered case by case, based on the severity of the impact. This can include:
- Fees waived to restructure or consolidate loans
- Other fees waived or deferred
- Waive merchant terminal rental fee for three months
- No interest rate reduction for early withdrawals on term deposits
Federal government assistance
The Federal Government is helping not-for-profits with a range of measures.
The government’s stimulus will assist around 30,000 not-for-profits manage cash flow challenges and help organisations retain their employees. This is joined by various state-based payroll tax relief initiatives.
In addition, the government has announced support of $74 million to boost mental health services, and $150 million to fund domestic abuse support.
SME Guarantee Scheme
The Government has established the Coronavirus SME Guarantee Scheme to support small and medium enterprises (SMEs). This includes not-for-profit organisations.
For further details on the scheme visit the Australian Government's Treasury website.
In response, we developed the Business Support Loan, however, this product is no longer available as of 30 September 2020. Please contact your Community Sector Banking business manager or our team on 1300 272 265 to discuss other financial assistance options available for your business.
Equipment Finance Special Offer
The Equipment Finance Special Offer is about helping our Business Customers to adapt to the new COVID safe economy and invest for the future. View our Equipment Finance page to find out more.
More support information from the Australian Government
Visit the Fair Work website for information on how ways of working are changing.
Visit the Australian Government's Treasury website and the Australian Government website for more information on the Government's response to Coronavirus. This includes individual State and Territory Government information.
Visit Australian Charities and Not-for-Profits Commission (ACNC) for advice on charities affected by COVID-19.