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Suncorp SME Support Loan

Suncorp is proud to be partnering with the Australian Government to help support your SME business and cash flow requirements through this period.

Updated on: 22/04/2020

What’s on offer?*

  • Unsecured Term Loan of up to $250,000
  • Maximum loan term of 3 years
  • Interest rate from 4.69% p.a.
  • No repayments required for the first six months (interest will be capitalised monthly during this period), following which principal and interest repayments are required for the remaining term
  • No establishment or monthly account keeping fees
  • Progressive draw is available
  • No early payout fees

What are the eligibility requirements?

Whether or not you’re already a Suncorp Bank business customer, your business needs to meet the following eligibility criteria:

  • The business has been impacted by COVID-19
  • Registered with an ABN, is based and operates in Australia
  • Annual turnover of less than $50 million
  • To support the current and future cash flow needs of your business. The SME Support Loan cannot be used to refinance or vary existing facilities held with Suncorp or any other lender
  • You have not accepted a Government SME Guarantee Scheme loan from another financial institution

How can businesses apply for the SME Support Loan?

If you would like to register your interest in the SME Support Loan, submit your request online using the form below and a Business Consulant will be in touch with you to discuss.

Enquire online

Existing Suncorp Bank customers can contact their Relationship Manager (where applicable) or your Broker who currently assists with your lending requirements.

Alternatively, you may also call us on 13 11 55 (selecting options 1,3,3,2) Mon-Fri, 8:00am–5.30pm.

Frequently Asked Questions

Suncorp’s SME Support Loan

Assistance with other Suncorp Bank products and services

All COVID-19 information

Things you should know

* Lending criteria applies. Loans must be approved by 30 September 2020.

Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”).

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