Government-backed small and medium business loans

Starting from 23 March 2020, major banks are offering unsecured loans up to $250,000

Under the Australian Government SME Guarantee Scheme, eligible businesses can apply for these loans.

  • Businesses with less than $50 million turnover are eligible to apply 
  • Unsecured loan of up to $250,000 for three years
  • Australian Government guarantee for 50 per cent of the loan
  • No interest payable unless the loan is used
  • No repayments required for six months (interest will be capitalised)
  • No establishment fees or monthly account fees

For more information

For more information, contact your bank.