Coronavirus SME Business Loan

Heritage has always been a bank for small businesses. We know many of you have been impacted by COVID-19 and may need additional support during this difficult time.

That’s why we’re offering a new SME Support Loan that could help you access the working capital you need to get through.  The loans are partially guaranteed by the Federal Government as part of its Coronavirus SME Guarantee Scheme. 

Features of our Coronavirus SME Support Loan include: 

• Unsecured business loans from $20,000 to $250,000 on terms of up to 3 years;
• No repayments for the first six months (with interest capitalised)^{^}. Principal and interest repayments will apply after the first six months; 
• No establishment or account keeping fees;
• No interest payable if the loan is not used;
• The loan must be for working capital not for asset purchases or to refinance existing loans, from Heritage or any other lender;
• Applications from both new and existing customers must be approved and made unconditional by 30 September 2020; and
• Available for Australian businesses with less than $50 million annual turnover.

We will need to look at your financial history and circumstances to see if this loan is right for you, or whether there are other ways we can help your business. Eligibility and credit criteria will apply. You can read further details in our key facts sheet.

To find out more or to start the application process, call 1300 301 809.