CBA launches dedicated tradies support

In the face of enormous pressures currently facing the Australian construction industry, including supply challenges, labour shortages and rising costs, the Commonwealth Bank (CBA) has launched a suite of measures to assist both fledging and existing tradie enterprises.

The package includes a $500 cashback for tradespeople who have a business transaction account with CBA and are looking to finance equipment or a vehicle.

Tradies can also access easy invoice templates, real-time payment alerts and automatic account reconciliation with a business account, while self-employed tradies who have had their home loan with CBA for more than 12 months can also apply for finance of up to $100,000 for a business vehicle.

Tradies can also access a range of business tips, webinars, technology and savings on internet and accounting software. Through CBA’s Benefits Finder, tradies can apply for eligible benefits, rebates and subsidies to retain staff and access relief in emergency circumstances.

“We understand the unique business needs of tradies to manage complex cash flows and run your businesses on-the-go,” said CBA Executive General Manager of Everyday Business Banking, James Fowle.

“We’ve customised a wide range of products and offers to support tradies to start, run or grow their business, working through their individual circumstances.”

Terms and conditions apply, so for more information on support for tradies and apprentices visit commbank.com.au/tradies.