Coronavirus SME Guarantee Scheme

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  • Government will provide a guarantee of 50 per cent to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital
  • SMEs with a turnover of up to $50 million will be eligible to receive these loans
  • Maximum total size of loans of $250,000 per borrower.
  • The loans will be up to 3 years, with an initial 6 month repayment holiday.
  • The SME will only incur interest on the amount they draw down.  If they do not draw down any funds from the facility, no interest will be charged
  • You will need to contact your lender to apply

Visit the Australian Government Treasury website for more information ...