The Commonwealth Government’s SME Recovery Loan Scheme provides eligible small and medium enterprises (SMEs) access to loans of up to $5 million over a term of up to 10 years.

The Scheme is designed to provide continued assistance to small and medium enterprises that are dealing with the economic impacts of COVID-19.

As announced by the Commonwealth Government on 25 August 2021, SMEs are no longer required to have received JobKeeper during the March quarter of 2021, or to have been a flood affected business, to be eligible for the SME Recovery Loan Scheme.

Further information about the SME Recovery Loan Scheme can be found on the Treasury website.