Coronavirus SME Guarantee Scheme

  • This is intended to support the flow of credit.
  • The Government will provide a guarantee of 50 per cent to SME lenders for new unsecured loans to be used for working capital.
  • The Government will provide eligible lenders with a guarantee for loans with the following terms:
  • Maximum total size of loans of $250,000 per borrower ;
  • The loans will be up to three years, with an initial six month repayment suspension ;
  • The loans will be in the form of unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.
  • SMEs with a turnover of up to $50 million may be eligible to receive these loans.
  • Loans will be subject to lenders’ credit assessment processes with the expectation that lenders will look through the cycle to sensibly take into account the uncertainty of the current economic conditions.
  • The scheme will be available for new loans made by participating lenders until 30 September 2020.


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