Suncorp end-of-year cut-off dates

Changes to the Coronavirus SME Guarantee Scheme impacting Suncorp’s SME Support Loan

The Australian Government is extending the Coronavirus SME Guarantee Scheme (“Scheme”) until the end of June 2021, to eligible businesses.

There are two phases of the Scheme. The first was an unsecured loan of up to $250,000 for working capital only. Suncorp’s offering for this phase, SME Support Loan, was available until 30 September 2020.

The second phase of the Scheme includes targeted amendments to the Scheme’s parameters to meet the evolving needs of SMEs. Suncorp will release its product offering for this phase of the Scheme towards the end of October.

For more information, visit suncorp.com.au or speak to your SME BDM.