SME Loan Recovery Scheme

Eligibility for the SME loan recovery scheme has been expanded. SMEs with a turnover of up to $250 million are eligible. This includes self-employed individuals and non-profit businesses.

Applications close on 31 Dec 2021

What you get: Eligible SMEs will be able to borrow up to $5 million over a term of up to 10 years.

Overview: The Commonwealth Government’s SME Recovery Loan Scheme provides eligible small and medium enterprises (SMEs) access to loans of up to $5 million over a term of up to 10 years. The Scheme is designed to provide continued assistance to small and medium enterprises that are dealing with the economic impacts of COVID-19.  As announced by the Commonwealth Government on 25 August 2021, SMEs are no longer required to have received JobKeeper during the March quarter of 2021, or to have been a flood affected business, to be eligible for the SME Recovery Loan Scheme.