Commonwealth Bank has launched new dedicated support for tradies who are looking to start or grow their own business.
Commonwealth Bank’s Executive General Manager for Everyday Business Banking, James Fowle, said the offerings were designed to provide specialist industry support, recognising the pressure many trades businesses are under as they navigate the current challenges and opportunities facing the construction industry.
“We understand the unique business needs of tradies to manage complex cash flows and run their businesses on-the-go as they juggle full days onsite and current market conditions including increased costs. That’s why we are customising support for the industry with a range of products and discounts to support their individual business needs, as well as tips for apprentices and insights and resources for established trades businesses.”
includes:
- ‘Smarter’ business transaction accounts (BTAs) to stay on top of cash flow and reduce time spent on admin, with real-time payment alerts, automatic account reconciliation and access to easy to use invoice templates.
- A $500 cashback offer for tradespeople running a small business who have a BTA with CBA and are looking to finance equipment or a vehicle1.
- Benefits for self-employed tradies who have had their home loan with CBA for more than 12 months, such as the ability to access finance of up to $100,000 for a business vehicle, saving time and hassle by providing only basic application information2.
