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We're here for our Business customers

We have financial assistance and lending options to help make things more manageable for small and medium-sized businesses impacted by COVID-19.

Updated on: 22/04/2020

Options available for Small & Medium Enterprises (SME’s) impacted by COVID-19

Financial Assistance

Upon request, we’re offering the following assistance for eligible SME business customers:

  • Deferral of principal and/or interest repayments on term loan facilities for up to 6 months*
  • Change from principal and interest repayments to interest-only repayments for up to 12 months*
  • Deferral of instalments on equipment finance facilities for up to 6 months
  • Waiving merchant rental and minimum monthly fee for up to 6 months
  • Temporary overdraft to bridge Job Keeper Payments for up to 30 days

*Interest will be capitalised during the term of any deferral period, and the term of the facility extended unless otherwise advised.

How to apply

If you would like to apply for financial assistance, and you have less than $3 million in business debt with Suncorp, submit your request online using the form below, or talk to your Relationship Manager.

Apply online

If you have $3 million or greater in business debt with Suncorp, please contact your Relationship Manager.
Learn more about assistance when your business is experiencing financial difficulty.
View Business Assistance FAQs.

SME Support Loan

To help businesses impacted by COVID-19 manage their cash flow through this period, Suncorp Bank is offering a new unsecured SME Support Loan to both new and existing customers (subject to lending criteria). At a glance, your business could borrow up to $250,000 on the following terms:

  • Loan term up to 3 years
  • No repayments for the first 6 months (interest will be capitalised)
  • Variable rate of interest from 4.69% p.a.
  • No establishment or account keeping fees

Find out more

Reduced Interest Rates & Fees

We’ve reduced a range of interest rates across a number of our small business lending products. Learn more about Suncorp business loans.

We’ve removed all monthly account keeping fees for business deposit accounts. From 3 April 2020, we also removed all business deposit account transaction fees as well as providing free Online Telegraphic Transfers via Global Payments. Learn more about Suncorp business banking accounts.

Frequently Asked Questions

Financial assistance for Small and Medium Enterprises (SMEs)

Assistance with other Suncorp Bank products and services

All COVID-19 information

Things you should know:

Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). Equipment Finance Products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. To approved applicants only. Fees, charges, terms and conditions apply and are available on request.

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