SME Recovery Loan Scheme

This program provides small and medium-sized businesses with guaranteed loans to help their business recover from the impacts of the coronavirus crisis.

Close date: 31 Dec 2021.

What do you get?

Loan of up to $5 million.

Who is this for?

Small and medium-sized businesses.


The SME Recovery Loan Scheme enables small and medium-sized enterprises (SMEs) to access funding to get through the impact of coronavirus, recover and invest for the future. The Australian Government works with lenders to:

  • enhance lenders’ ability to provide cheaper credit
  • ensure that eligible businesses have access to finance to maintain and grow their business.

What are the eligibility criteria?

The scheme is open to small and medium sized businesses with up to $250 million turnover, including self-employed and non-profits that were:

  • the recipient of a JobKeeper payment between 4 January 2021 and 28 March 2021 (a JobKeeper Scheme-Backed Loan can only be approved under this eligibility prior to the Scheme expansion date (1 October 2021));
  • affected by the floods in eligible Local Government Areas in March 2021; or
  • adversely economically affected by COVID-19 (a COVID-19 Scheme-Backed Loan can be approved under this eligibility from the Scheme expansion date (1 October 2021)).

How do you apply?

You can apply for the loans through participating lenders. Find out more about eligibility, applying and participating lenders at SME Recovery Loan Scheme.

Contact information