Sydney, 7 October 2021
BOQ Specialist has today announced a range of benefits for eligible businesses as part of the Federal Government’s expanded SME Recovery Loan Scheme, to support those impacted by the COVID-19 pandemic and to help kick-start the Australian economy.
Financial support available to eligible BOQ Specialist clients from today includes:
Up to $5 million SME Recovery Loan Scheme lending per business entity ABN
Up to 100% Loan to Value Ratio (LVR) for owner occupied commercial property*
Up to 85% Loan to Value Ratio (LVR) for investment commercial property*
Up to 10 years interest only for commercial property loans and up to 3 years interest only for goodwill loans*
Low interest rates*
Reduced documentation required for eligible investment commercial property up to 70% LVR^
No establishment fee and no ongoing fees^
A maximum 10 year loan term
Optional repayment holiday for the first 12 months^^
This support is available to new and existing eligible small to medium business customers and not-for-profit organisations. Further information on support available and eligibility criteria can be found here: SME Recovery Loan Scheme Business Loan | BOQ Specialist
There are a number of ways for customers to apply for BOQ Specialist’s SME Recovery Loan including contacting their dedicated financial specialist, through an accredited Broker Relationship Manager, or by calling 1300 160 160.
BOQ Group Media Relations
Tel: (07) 3212 3068