With a Moneytech SME Recovery loan,
we can get your business moving forward - letting you focus on what matters most.
We are a proud partner of the Federal Government SME Guarantee Scheme. If you are a Small to Medium Enterprise with a turnover of less than $250 million, you may be able to access Business Line of Credit Facilities of up to $5 million.
Our Business Line of Credit Facilities can be used for a broad range of business purposes, including to support investment, or to refinance any pre-existing debt of an eligible borrower, including those from the SME Guarantee Scheme.
You can also use these facilities to fund the day to day working capital requirements of your business, including wages and supplier payments. To find out more, check out the Eligibility criteria tab.
Loans can be used to purchase non-residential property or to acquire another business.
The loan can also be used for investment purposes.
A business can use a loan to refinance any pre-existing debt of an eligible borrower.
Eligible borrowers can access up to $5 million in total to use for a wide range of purposes.
Your business is eligible to receive an SME Recovery Loan if you meet the following SME Recovery Loan scheme requirements:*
A Moneytech Trade Finance, Debtor Finance and/or Line of Credit facility are available under the SME Recovery Loan Scheme and are available to current and new Moneytech customers
We’ll require signed loan documents for your facility by 31 December 2021. To allow us enough time to prepare loan documents and for you to have enough time to fill them out, we recommend you submit your applications by the following dates:· for our Debtor and Trade Finance application we recommend you apply by 19 November 2021· for our Line of Credit facility we recommend you apply by 10 December 2021