SME Unsecured Working Capital Loan

Features

Our SME Unsecured Working Capital Loan can help support your cash flows or provide extra working capital to help your business grow.

  • Unsecured* loans from $20,000 - $100,000
  • Loan terms of up to 5 years
  • Principal and interest repayments over the term of the loan
  • Optional 6 month initial repayment holiday, subject to approval
Rates
Rates
Interest Rate
Variable
Interest Rate
5.45%^
Rates Effective From 19/11/2020
Fees
Fees
Loan Approval Fee  $600
 Monthly Administration Fee $20

Eligibility
Eligibility

To be eligible for any SME Support Loan under the SME Guarantee Scheme you must:

  • Have an Australian Business Number (ABN);
  • Have an annual business turnover of up to $50 million;
  • Be making a new loan application (not an extension of an existing loan); and
  • Be applying for the loan for business purposes. SME Support Loans cannot be used to purchase residential property or a financial product; or for the provision of loans to an 'associated entity'.
SME Support Loans for Small and Medium Business
See the loans we're offering under Phase 2 of the SME Loan Guarantee Scheme to help businesses adapt and invest for the future.
How do I apply?
How do I apply?

To apply for or enquire about our SME Support Loans: 

  • Call us on 1300 301 809;
  • Enquire online; or
  • Contact your existing Business Banking Manager directly.

For more details on the Scheme visit the Department of Treasury website.  

Tips on applying for a business loan
Senior Business Banking Manager Charlton Nevis, gives his tips on how to prepare yourself before applying for a business loan. 
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