SME Support Loan for Small Business

Our SME Support Loan, backed by the SME Loan Guarantee Scheme, can help you access the working capital you need to get through these tough times. 


Heritage has always been a bank for small businesses. We know many of you have been impacted by COVID-19 and may need additional support during this difficult time.

That’s why we’re offering the SME Support Loan to help you access the working capital you need to get through.  The loans are partially guaranteed by the Federal Government as part of its Coronavirus SME Guarantee Scheme. 

Features of our SME Support Loan include: 

  • Unsecured business loans from $20,000 to $250,000 on terms of up to 3 years from first use;
  • No repayments for the first six months (with interest capitalised)^. Principal and interest repayments will apply after the first six months; 
  • No establishment or account keeping fees;
  • No interest payable if the loan is not used;
  • The loan must be for working capital, not for asset purchases or to refinance existing loans or increases to another loan, except where that other loan or increase were entered into between 23 March-23 June 2020;
  • Applications from both new and existing customers must be approved and made unconditional by 30 September 2020; and
  • Available for Australian businesses with less than $50 million annual turnover.

We will need to look at your financial history and circumstances to see if this loan is right for you, or whether there are other ways we can help your business. Eligibility and credit criteria will apply. You can read further details in our key facts sheet.

To find out more or to start the application process, call 1300 301 809.


Interest Rate
Interest Rate
Rates Effective From 15/04/2020

Establishment Fee $0
Monthly Fee $0
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