New data released today by Commonwealth Bank, reveals 12,500 Australian businesses initiated approximately $93 million in claims via CommBank’s digital feature, Benefits finder, between June and December 2021.
During this time, more than 100,000 businesses visited the dedicated Benefits finder for Business dashboard that provides access and simple instructions on how to apply for business-specific financial benefits such as state and federal COVID support measures, growth-focused grants, environmental rebates, and also non-financial benefits such as free training courses. Of the claims for financial business benefits (grants and rebates), the average value of claims initiated by a business via Benefits Finder is just under $11,000.
CBA Executive General Manager, Small Business Banking, Clare Morgan said: “We’re continuing to invest in our digital tools and products to make it easier for our customers to run their businesses, and that includes expanding Benefits finder. We’re moving quickly to keep updating the digital feature for businesses, with new grants, rebates and other benefits continually added every month and in response to real-time events, such as the major flooding across Australia’s east coast.