The Government’s SME Recovery Loan Scheme is designed to support the economic recovery, and to provide continued assistance, to firms currently on JobKeeper.
The scheme is only open to recipients of the JobKeeper payment between 4 January 2021 and 28 March 2021. The Scheme builds on the framework established in the two phases of the Coronavirus SME Guarantee Scheme and is specifically targeted at SMEs currently receiving JobKeeper.
The Government will work with lenders to ensure that eligible firms will have access to finance to maintain and grow their businesses when JobKeeper ends.
The Scheme is enhancing lenders’ ability to provide cheaper credit, allowing many otherwise viable SMEs to access vital additional funding to get through the impact of Coronavirus, recover and invest for the future.
For more information regarding SME Recovery Loan Scheme, please contact JBC Corporate on (08) 6323 7000.