The last year has been incredibly difficult for all businesses as a result of the repeated lockdowns and the inability to operate as they so wish they could. Businesses have found themselves loading
up debt in order to survive and protect jobs. In many instances, these debt levels have now become unsustainable.
Now that the economy is beginning to reopen, businesses are seeing the potential to return to normal operations. However, for many small businesses, the return to normal is accompanied by a very heavy debt burden that they will soon have to make repayments on. Anything the government can do to alleviate the burdens faced by small businesses will go a long way to aid economic recovery, sustain jobs, boost the overall confidence of business owners and free up additional finance for future investments.