Fast-Track Financial Recovery with Small Business Restructuring
A game-changing solution designed to empower small businesses facing financial difficulties. With SBRP, you hold the reins of your business’s destiny while expertly restructuring your company’s debts, all for a low fixed fee.
Simplifying Business Recovery for You
Small Business Restructuring Process (SBRP) is a game-changing initiative introduced in 2021 to provide crucial support to small businesses facing financial difficulties. At its core, SBRP allows small businesses to propose a tailored restructuring plan to their creditors while ensuring that the business’s directors retain control of their operations.
Is your business eligible?
Business must be operating in an incorporated entity (a company) (sole traders and partnerships are not eligible).
The company’s business must still be trading (continuing operations).
All outstanding employee entitlements must be paid (includes wages and superannuation).
All ATO tax returns and BAS lodgements must be submitted and up to date.
The company must have less than $1,000,000 (one million) in debt.
The company and its directors cannot access the Restructuring or Simplified Liquidation processes more than once in the last 7 years.
Cost of SBRP
The Small Business Restructuring Process typically ranges from $8,000 to $12,000 in cost. This estimate, however, is contingent upon several key factors:
- The company’s size
- The scope of its trading operations
- The number of employees on its payroll
- The extent of its assets
- The quantity and value of outstanding creditors
These variables collectively influence the final pricing structure, ensuring a tailored approach to each business’s unique circumstances.
