CommBank SME Restarter Loan

You can borrow up to $5 million to help your business recover from the coronavirus pandemic or the March 2021 floods.

The CommBank SME Restarter Loan provides businesses and sole traders access to a loan of up to $5 million. The rates range from 2.6% p.a. and 3.75% p.a. and will vary based on your choice between the secured and unsecured options, and also whether or not you opt for a repayment holiday. The loan may be repaid over a period of up to 10 years.

The Australian government will secure 80% of this loan and you will need to either choose the unsecured option or secure the remainder. While these rates are low for a business, be sure to compare them with other business loans to ensure you’re getting the best deal.

No approval or administrative fees

Upfront Fee


Max. Loan Amount

Up to 10 years

Loan Term

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameCommBank SME Restarter Loan
Min. Loan Amount$10,000
Max. Loan Amount$5,000,000
Loan SecuritySecured
Upfront FeeNo approval or administrative fees
Loan TermUp to 10 years

Enquire about the CommBank SME Restarter Loan

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
CommBank SME Restarter Loan
Up to 10 years
No approval or administrative fees
This loan only applies to businesses eligible under the SME Recovery Loan Scheme. Borrow up to $5,000,000 with a special, low rate loan supported by the Australian government to help businesses recover from lockdowns. Variable rates range from 2.6% p.a. to 3.75% p.a.

Compare up to 4 providers

Am I eligible for the SME Restarter Loan?

In short, if your business was impacted by the coronavirus lockdown or the March 2021 floods, then it is eligible for this loan. This applies even if your business accessed Phases 1 and 2 of the SME Recovery Scheme. 

The specific criteria for the CommBank SME Restarter Loan are:

  • If your business has an annual turnover of less than $250 million.
  • A valid ABN and if your business has been operating for more than 12 months.
  • If your business is located and operating within Australia.
  • If your business has operations within areas impacted by the March 2021 floods. A complete list of LGAs can be found on the treasury’s website.

While having previously accessed JobKeeper was a criteria, this no longer applies as of 1 October 2021.

What can I use this loan for?

  • Consolidating existing loans
  • Acquiring new business assets or property
  • Creating working capital
  • Acquiring a new business
  • The purchase of any financial products
  • Lending to a related organisation
  • Purchasing residential property
  • Renting used assets that have exceeded more than half their estimated life span

Key features of the CommBank SME Restarter Loan

  • Low, variable rates ranging from 2.6% p.a. and 3.75% p.a.The option to defer repayments for 6 or 12 months. This will increase the interest rate owed.
  • A 0.20% discount on business Asset Finance vehicle and equipment loans.

How to apply

Your specific circumstances and needs will need to be taken into account, so click "Enquire Now" at the top of the page and it will get back to you within 1-2 business days.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site