Criteria

  • Have operated a business since 1 July 2017
  • Have suffered a loss of income as a result of Covid-19
  • Be a sole trader, partnership, trust, private or public company

Further Details

  • Loan Terms 10 years
  • Repayment and Interest Free for the first year
  • Interest will apply only from the second year at 2.5%
  • Payments will be interest only for years 2 & 3
  • Loans up to $100,000 will not require security
  • Loans over $100,000 and up to $250,000 will be secured by a General Security Agreement