Supporting small business to repay debt - If you are concerned with repaying your debt, the best thing you can do is reach out early for help.

If you and your bank agree on a new arrangement for your loan, your bank will provide you with your changed arrangements in writing. [...] 1 Contact your accountant If you are struggling with business debts, reach out to your accountant who can help you look at the structure of your business and identify opportunities to improve cash flow. [...] Your accountant can undertake a financial health check of your business and help you respond to your challenges. [...] It’s important to be honest and open when discussing your financial circumstances, business and personal, with your accountant so they can help you with your immediate debts and consider your future goals. [...] For companies, this may be a registered liquidator who will work with you and your accountant to figure out the best option for your business or assist you with exiting your business in an orderly way.