Recent changes to the Government’s Small Business Entity (SME) Recovery Loan Scheme means that the facility is now available to more SMEs.

Treasury recently announced the REMOVAL of the following requirements:

• SME to have received JobKeeper during the March quarter of 2021
• Have been a flood effected business

The simplification of the eligibility criteria means you may now be eligible, with the loan being available until 31 December 2021. 

Click here for more formation, which is well summarised by Treasury.

Please note that there may still be reference to the now removed requirements, noting that this is in the process of being rectified by Treasury.