SME Loan Scheme expanded…
The Commonwealth Government has expanded the eligibility for the SME Recovery Loan Scheme.
SMEs are no longer required to have received JobKeeper during the March quarter of 2021, or to have been a flood affected business to qualify. To be eligible, SMEs must have a turnover of $250 million. Eligible SMEs will be able to access loans of up to $5 million over a term of up to 10 years. The closing date is 31 December 2021.