SME Guarantee Scheme products
Unsecured business finance up to $250,000
Working capital
to support cash flow
As a participating lender in the Government Coronavirus SME Guarantee Scheme, we’ve adapted our products to meet the needs of the broker market, giving your business clients the choice and certainty to meet cash flow requirements through these uncertain times.
For emerging and established businesses
No repayments for the first 6 months, with interest capitalised
Loan terms up to 3 years or revolving
Available until 30 September 2020
Business Overdraft
Term Loan
Working Capital Facility
Business Overdraft
A revolving facility for established businesses
Time in business
3 years+
Turnover
$250,000+
Min Equifax score
600
Loan amount
Up to $250,000
Repayments
No minimum payment required for initial 6 months, with interest capitalised to the balance
Term
Revolving
Term Loan
For established businesses
Time in business
3 years+
Turnover
$250,000+
Min Equifax score
600
Loan amount
Up to $250,000
Repayments
Initial 6-month repayment deferral, with capitalisation of interest. Weekly or monthly P&I repayments thereafter
Term
3 years
Working Capital Facility
For emerging businesses
Time in business
12 months+
Turnover
$100,000+
Min Equifax score
500
Loan amount
Up to $250,000
Repayments
Initial 6-month repayment deferral, with capitalisation of interest. Weekly or monthly P&I repayments thereafter
Term
3 years
Scheme Eligibility
- For businesses with up to $50 million in annual business turnover
- Can be used to support current and upcoming cash flow needs (including working capital, liquidity and operating expenditure)
Other business finance options
If a Scheme Loan is not the right option for your customer, explore our full range of business loans or speak to your BDM.
Interest capitalisation and deferred payments explained
You still pay the interest on the loan, however it is deferred for the initial loan period
Under the Scheme, the first 6 months interest will be deferred and capitalised. Interest capitalisation means you still pay the interest on the loan, however it is deferred for the initial loan period.
One of the impacts of deferring payments, is that you’ll end up paying more interest than you would have if your repayments weren’t deferred. This is because during the 6-month deferral period, the interest and fees you usually pay will be added to your outstanding balance, which you will pay off over the remaining term.
Scheme loans cannot have a scheduled repayment in the first 6-months. However, you can choose to pay down part or all your balance to save on interest.
Download SME Guarantee Scheme Toolkit
Toolkit Download
Access non-branded flyers and email templates ready to be sent to customers. Download here.
Faster credit decisions.
Less paperwork.
Better outcomes.
We use Bank Connect to facilitate credit decisions which saves time and paperwork. Seamlessly link any business transaction accounts, with the highest level of security.

Frequently asked questions
The FAQs below will help with your customer enquiries. For more information about the SME Government Guarantee Scheme Download the fact sheet
What business loan products can I apply for under the Scheme?
What are the conditions for qualifying?
What is the eligibility criteria?
What is the maximum loan amount?
What is the interest rate?
Interest rates apply depending on your business circumstances. Call us on 1300 249 649 to discuss your business.
What can I use the loan for?
How does interest capitalisation work?
Can I make repayments on my loan in the initial 6-month period?
What are the impacts of deferring payments?
What fees apply?
Direct debit fees will be charged on the Term Loan and Working Capital Facility, not on the Business Overdraft. An annual fee of $395 applies to the Business Overdraft.
What if I’m already a GetCapital customer?
Can I apply for other GetCapital loan products?
If you’re interested in other GetCapital business finance products not covered under the SME Guarantee Scheme, view our product pages or call us on 1300 249 649 to discuss the range of solutions for your business.
How does Bank Connect work?
We use a proprietary technology called Bank Connect to retrieve bank statement data in encrypted form, creating less paperwork and facilitating faster credit decisions. See Bank Connect.