SME Business Lending Offer

Business loan enquiry form for small businesses.

Your business may be able to apply for a business loan of up to $1 million, offered under Phase 2 of the Government’s Coronavirus SME Guarantee Scheme. Terms of 3 and 5 years are available for eligible businesses with an annual turnover of less than $50 million.

Check your eligibility:

Does your business have a valid ABN, registered for more than 2 years?

Has your business been registered for GST for more than 2 years?

Does your business have an annual turnover of less than $50 million for income year 2019-20 and/or has annual turnover projected to be less than $50 million for 2020-21?

What will be the primary purpose of this loan?

Will this loan be used to refinance any existing debt with any lender, other than an existing debt supported by the Government Coronavirus SME Guarantee Scheme?

Will this loan be used to acquire an interest in residential property? This includes any property that is capable of being used for residential accommodation, even if it is also used for other purposes. Note: hotel, motel, hostel, boarding house, school accommodation, caravan park, camping ground are classified as an exclusion.

Will this loan be used to provide a loan or other credit to an associated entity, or to acquire an interest in a financial product (e.g. shares in a company), or to lease, rent, hire or hire purchase existing assets that are more than half way into their effective life?

Will the total of the limits of all finance facilities supported by Phase 2 of the Government Coronavirus SME Guarantee Scheme that your business holds (including this loan) exceed $1 million, regardless of lender?

Are all taxes of your business - including Capital Taxes, GST, and Employee Entitlements such as Super - paid, up to date, and not under any finance arrangement?

Are all the repayments on all your business's loan accounts - provided by any lender - up to date?

Sorry, we are unable to proceed with your enquiry as your response suggests you are not eligible for this offer. Please visit our Business Loans page to see other loan options you may wish to consider.

Thanks. Now please provide your details:

 

Enter your 8 Digit Compass logon ID or 8 alpha-numeric BBO ID or 16 digit Card number.

DD/MM/YYYY

Please note that we may require directors of a company, or partners in a partnership, or officers of an association, to provide guarantees to support an application, and/or documents such as:

  • Bank statements for your core business trading account(s) covering the past 6 months
  • Year to date interim/management accounts for your business (last quarter)
  • Finalised business financial statements for the past 2 years
  • Personal tax returns for the past 2 years.

 

Loan Information:

Loan amount requested cannot exceed $1,000,000

Consents

Please read these 2 statements and indicate your agreement with them by checking the boxes:

We’ll get in touch with you to discuss your enquiry. You consent to Bank of Melbourne using the contact details provided in this form or that Bank of Melbourne already holds for this purpose.

Bank of Melbourne Credit Reporting Policy1 and Privacy Notice2

Submit

Thank you for your enquiry.

 

What happens next?

We’ll get in touch with you to talk through the next steps. 

To prepare for this conversation, please have details of your business’s financial situation to hand, which may include bank statements, management accounts, Business Activity Statements (BAS), business financial statements, personal tax returns etc.

COVID-19 has impacted the time it takes to process and follow up enquiries. Please be assured that we are committed to providing support as soon as possible.

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The Detail

1. Credit Reporting Policy

2. Privacy statement