How to manage a downturn

Support for your business in a downturn

Whether you’re just trying to get by, or thinking of ways you could help your business succeed in tough economic conditions, an effective strategy is to take stock of your situation and have a plan. Here are some tips and tools that might be helpful in a challenging business environment, along with an overview of support we can offer.

How we can help

It’s best to get in touch with us early if you think you need some support. You can talk to your Relationship Manager, or call the business specialists’ contact number below to discuss your options. Our lending criteria, eligibility, fees, terms and conditions apply to the below options.

Manage your cashflow

Cashflow management is vital for any business owner. As circumstances continue to change, its important you review your cash flow forecast regularly to understand any upcoming cash shortfalls or surpluses. 

Flexible credit with an ANZ Business overdraft

To manage your daily cash flow needs, you could be eligible for a Business overdraft that is linked to your business transaction account. You’ll only pay interest on the amount you use, calculated daily, with no minimum or fixed repayments and you can apply for the overdraft limit that suits you. Short-term increases to existing overdraft limits may also be available. 

Interest-free days with business credit cards

Business credit cards let you monitor business expenses as they are incurred, allowing you to budget accordingly. They also have interest-free days you can use, which can help improve your cash flow. 

Talk to us about your business lending 

It’s important to talk to us so we can ensure you have the right business lending in place for your business, particularly if you expect to be impacted due to a downturn.

You can discuss your lending with your Relationship Manager or our business specialists. They can help make sure the right solutions for your business are in place. 

Financial hardship assistance

If you’re experiencing financial hardship, there may be other ways we can provide financial assistance. We’ll work with you and give you information and support that may help you get back on track.

Other helpful tools and resources

You can also access a range of online useful tools, guides and webinars. 

Get in touch

From overseas: +64 9 523 7220

Important information

Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.