For QLD business owners - The QLD government's low interest loan (QLD COVID-19 Jobs Support Loans) of up to $250,000 is closed as of 21 April 2020.
This announcement can be found found here.
For those that are seeking funding during this difficult time, we recommend that consider the Federal government loan (Coronavirus SME Guarantee Scheme).
The Federal government will provide eligible lenders with a guarantee for loans with the following terms:
- Maximum total size of loans of $250,000 per borrower.
- The loans will be up to three years, with an initial six month repayment holiday.
- The loans will be in the form of unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.
The approved lenders list that are offering the Coronavirus SME Guarantee Scheme can be found here.
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