We're here to support clients affected by lockdowns Click here

SME Recovery Loan Scheme

Business Loan

Supporting your investment and debt consolidation requirements  

The Federal Government has launched the SME Recovery Loan Scheme, Phase 3 of the SME Guarantee Scheme.

The SME Recovery Loan Scheme is designed to support economic recovery, to provide continued assistance to eligible small and medium enterprises (SME) in a post JobKeeper environment, and to support eligible flood-affected businesses.

For businesses, this means access to finance for a broad range of business purposes including to support investment, and refinance of any pre-existing debt with an eligible borrower, or from previous SME Guarantee Scheme phases

To apply, contact your dedicated financial specialist or call 1300 160 160.

About the Scheme

The Government SME Recovery Loan Scheme is available to eligible existing BOQ Specialist client.
 

  • Maximum lending limit of $5 million per ABN holder (inclusive of any lending under the scheme with other eligible lenders)
  • Secured business term loans (excluding residential property).
  • A broad range of business purposes, including to support investment
  • Refinance of any pre-existing debt of an eligible borrower, including those from Phases 1 and 2 of the SME Government Guarantee Scheme.

Lending cannot be used to purchase residential property or purchase financial products.

Who is eligible?

Small to medium businesses and not-for-profit organisations who meet the following requirements are eligible to apply:

  • Are carrying on a business, or be a not-for-profit organisation, and have a valid registered ABN, and
  • Have annual business turnover in the 2019-2020 financial year of <$250m and likely to be <$250m in the 2020-21 and 2021-22 financial years, and
  • Have received, or have been entitled to receive, at least one JobKeeper payment between 4/1/2021 and 28/3/2021, or
  • Have been adversely economically affected by the flooding in March 2021 and be a business located or operating in the relevant flood-affected Local Government Areas (LGAs)

Signed loan documentation must be returned to BOQ  Specialist by 31 December 2021.

What is BOQ Specialist offering

Talk to one of our financial specialists today for more information
 

Find a specialist

Want to find out more?

Please contact your dedicated financial specialist directly or call our Client Service Centre below.

 

  1300 160 160

 

Enquire now

 

 

  • Important Information

      The issuer and credit provider of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. We reserve the right to cease offering these products at any time without notice.

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.

      The issuer and credit provider of these products and services is BOQ Specialist – a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL and Australian credit licence no. 244616 (“BOQ Specialist”). Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate. BOQ has the right to change or cancel these relief measures at any time without notice. Information current at 1 July 2021.

      * Subject to approval. Lending criteria applies. Loan must be settled by 31 December 2021.