Australian Government | SME Recovery Loan Scheme

The Government’s SME Recovery Loan Scheme (the Scheme) is designed to support the economic recovery and provide continued assistance to SMEs dealing with the economic impacts of the coronavirus crisis.

On 25 August 2021, the Government announced changes to eligibility requirements for the SME Recovery Loan Scheme. Current requirements for SME’s to have received JobKeeper during the March quarter of 2021 or to have been an eligible flood-affected business under the Scheme will be removed. The Scheme’s rules will be amended to reflect updated eligibility and loans will be available through participating lenders when changes become effective.

The Scheme is enhancing lenders’ abilities to provide cheaper credit to otherwise viable SMEs for additional funding to get through the Coronavirus crisis, recover and invest for the future. The Government will work with lenders to ensure eligible firms have access to finance to maintain and grow their businesses.

The SME Recovery Loan Scheme builds on earlier loan schemes introduced during COVID-19.

Loans are available from 1 April 2021 until 31 December 2021.