ANZ Business Loan under the SME Recovery Loan Scheme

The Scheme is designed to support the recovery of small to medium enterprises (SMEs) that continue to deal with the economic impacts of COVID-19.

The ANZ Business Loan under the SME Recovery Loan Scheme provides up to $5,000,000 to enterprises who were impacted by the coronavirus pandemic or the March 2021 floods. The Small Medium Enterprise (SME) Recovery Loan Scheme is an Australian Government backed initiative which guarantees 80% of this loan.

The loan may be repaid over a term of up to 10 years, and its variable rates range from 2.49% p.a. and 2.99% p.a. depending on your choice between secured and unsecured options.

No approval or administrative fees

Upfront Fee


Max. Loan Amount

Up to 10 years

Loan Term

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Product NameANZ Business Loan under the Government SME Recovery Loan Scheme
Max. Loan Amount$5,000,000
Loan SecuritySecured
Upfront FeeNo approval or administrative fees
Loan TermUp to 10 years

Is my business eligible for the SME Recovery Scheme?

In general, small to medium businesses and sole-traders impacted by the coronavirus pandemic will be eligible for this loan, even if they accessed Phase 1 and 2 of the SME Recovery Scheme. New and existing ANZ customers qualify.

More specifically, the criteria for your business to access this scheme are:

  • An annual turnover less than $250 million.
  • A valid ABN and been trading for longer than 12 months.
  • Based and registered within Australia.

From 1 October 2021, the requirement of having previously accessed JobKeeper payments no longer applies. 

What can I spend this money on?

  • Refinancing existing loans
  • The purchase of new assets for your business, such as equipment, furniture or vehicles
  • Acquiring working capital
  • Renting or purchasing commercial property
  • Acquiring another business
  • Purchasing residential property
  • Buying any financial products, for example insurance or investments
  • Lending to a related entity
  • Renting assets that are over half-way through their effective life span

What do we mean by residential property?

Commercial residential property such as hotels and motels are not included as residential property and are eligible for this loan. If you are unsure, contact ANZ directly to discuss your circumstances.

Key features of the ANZ Business Loan under the SME Recovery Loan Scheme

  • No approval or administrative fees.
  • A low, variable interest rate that ranges from 2.49% p.a. secured or 2.99% p.a. unsecured.
  • The ability to defer payments for up to 12 months. Note that interest accrues over this period.
  • You can discuss special rates with ANZ on its vehicle and equipment financing.
  • The option to choose either a partially or fully secured loan.

How to apply

To ensure you meet the criteria and that the loan suits your needs, you will need to contact ANZ directly by clicking "Enquire Now" at the top of this page. After this, a specialist business banker will be in touch

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