AFIA and Government Unite to Aid SMEs During Fuel Crisis

AFIA members, comprising bank, non-bank, and specialist SME lenders, recognize that certain sectors-particularly transport, agriculture, construction, and regional supply chains-are heavily reliant on fuel as a core operating input. The current disruptions have not affected all businesses uniformly; financing needs vary based on business models, cash flow profiles, geographic locations, and supply chain exposures.

AFIA CEO Diane Tate emphasized the importance of early communication between SMEs and their lenders. She advised businesses experiencing financial difficulties due to fuel supply disruptions and rising fuel prices to contact their lenders promptly to discuss their operational and financial circumstances. Lenders are prepared to assess individual situations and work constructively with their customers to find appropriate solutions.

This proactive approach underscores the commitment of both AFIA and the government to support the resilience and sustainability of Australian SMEs during challenging economic times. By fostering open communication and tailored financial assistance, the partnership aims to help businesses navigate the current fuel crisis and maintain their operations effectively.