Business

SME Loan Recovery Scheme

Funder:  Federal – Treasury

Grant Background: The SME Recovery Loan Scheme enables small and medium-sized enterprises (SMEs) to access funding to get through the impact of coronavirus, recover and invest for the future.

The Australian Government works with lenders to:

  • enhance lenders’ ability to provide cheaper credit
  • ensure that eligible businesses have access to finance to maintain and grow their business.

$ Available: Up to $5million.

Eligibility:  The scheme is open to SMEs with a turnover of up to $250 million that either:

  • received JobKeeper payments in the March quarter of 2021, or
  • were affected by the floods in eligible Local Government Areas (LGAs) in March 2021.

Self-employed individuals and non-profit businesses are eligible.

Key Dates: Closes 31 December 2021.

For More Information or to Apply: CLICK HERE

Happy to chat if you need a hand with your application and please share this grant opportunity with anyone who may be interested. Good luck, Melanie

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