Under the Coronavirus SME Guarantee Scheme we can offer eligible business customers new# unsecured loans and overdrafts with a 6-month repayment holiday* To find out more or apply, contact your Business Banking Specialist below.

Back to Business Loan
4.40
%
P.A
Variable Interest Rate
Back to Business Loan
$0
Establishment Fee
$0
Monthly or Annual Fees
  • Initial 6 Month Repayment Holiday1
  • No Monthly or Annual Fees
  • Maximum Loan Amount $100k
  • Maximum Loan Term 3 Years
Back to Business Overdraft
6.40
%
P.A
Variable Interest Rate
Back to Business Overdraft
$0
Establishment Fee
$0
Monthly or Annual Fees
  • Initial 6 Month Repayment Holiday1
  • No Monthly or Annual Fees
  • Maximum Loan Amount $100k
  • Maximum Loan Term 3 Years
Product Features

Back to Business Loan

Back to Business Overdraft

Initial Repayment Holiday
6 Months 6 Months
Maximum Loan Amount / Limit
$250k $100k
Maximum Loan / Facility Term
3 Years 3 Years
Principal & Interest Repayments
Yes -
Interest Only Repayments
No -
Compare

Back to Business Loan

Initial Repayment Holiday
6 Months
Maximum Loan Amount / Limit
$250k
Maximum Loan / Facility Term
3 Years
Principal & Interest Repayments
Yes
Interest Only Repayments
No

Back to Business Overdraft

Initial Repayment Holiday
6 Months
Maximum Loan Amount / Limit
$100k
Maximum Loan / Facility Term
3 Years
Principal & Interest Repayments
-
Interest Only Repayments
-
Interest Rates

Back to Business Loan

Unsecured

Back to Business Overdraft

Unsecured
Variable Rate
4.40%pa 6.40%pa
Compare

Back to Business Loan

Unsecured
Variable Rate
4.40%pa

Back to Business Overdraft

Unsecured
Variable Rate
6.40%pa
  • Eligibility

    Back to Business Loans and Overdafts are available to both new and existing SCCU business customers:

    • Who’s business has an ABN, an annual turnover of less than $50m; and has been negatively impacted by COVID-19
    • Who have a loan limit that does not exceed $250k with other Scheme-Backed Loans against their ABN
    • For business purposes
    • To support current and upcoming cash flow needs (including working capital, liquidity and operating expenditure)
    • Meet SCCU credit eligibility criteria

    Loans must be approved and unconditional by 30th September 2020 and cannot be used to refinance existing debt.

  • Coronavirus SME Guarantee Scheme

    The Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme is supporting up to $40 billion of lending to SMEs (including sole traders and not-for-profits). Under the Scheme, the Government will guarantee 50 per cent of new loans issued by eligible lenders to SMEs. The Scheme enhances lenders’ willingness and ability to provide credit, supporting many otherwise viable SMEs to access vital additional funding to get through the impact of Coronavirus. The Scheme will be available for new loans made by participating lenders until 30 September 2020.

    Find Out More
  • The Little Details

    Southern Cross Credit Union Ltd. ABN 82 087 650 682 AFSL & Australian Credit Licence 241000. SCCU Back to Business Loans and Back to Business Overdrafts are provided as part of the Australian Government’s Coronavirus SME Guarantee Scheme. Must be unconditionally approved before 30th September 2020.

    # Not available for internal refinances.

    * Loan balances require no repayments for the first six months, interest will continue to accrue over this period. The loan or overdraft facility must be repaid with principal and interest repayments that begin after the first six months. Credit eligibility criteria, fees and charges, terms and conditions apply. Visit sccu.com.au/back-to-business-loans for full product details.

I’m so thrilled we decided to have our team development day in SSCU’s Mirrabooka room. Toni and Zoe were extremely friendly and accommodating, they had everything set up for us by the time we arrived.  Jo loved the ‘state of the art’ IT system, her power point presentation and laptop integration worked like a breeze.  I also found the flip charts extremely useful for discussion notes.  The space was big enough for individual team sessions and intimate enough for everyone to hear. Morning tea and lunch worked seamlessly, we had everything we needed in the kitchen and the outside sundeck was delightful. The team loved the coffee machine! It certainly helped with the quiet times in our meeting! Overall the day was a huge success! Thank you so much for creating a local facility with the class and sophistication of the city! I look forward to seeing you all again soon. Deepest thanks Jude McColm  
Tweed Coast Plan Management
One of our lovely volunteers just returned from picking up leftover Daffodil Day merchandise from Jenny at First National. Jenny informed her that Southern Cross Credit Union was integral to their success in raising over $2,000. Thank you for supporting this event. I believe you also hosted a Pink event today- thank you also for that. It’s wonderful to have the support of local businesses. Funds raised help us support local cancer patients and their families and also contribute to research projects and advocating to government.
Cait
We chose to bank with our local SCCU for many reasons. The staff are very cheerful and helpful. It is an enjoyable in-branch experience at a convenient location. Opening hours are longer than most other banks in our area and they are open every weekday. We bank exclusively with SCCU for our personal, business and children's accounts. We have always been happy with their customer service and have recommended SCCU to our local sports club and school
Tony & Alisha
We have been with SCCU for over 45 Years and for the last 24 of them with our business as well. The staff are amazing people to do your banking with and the loans division make every buying and selling experience so easy. Our little hiccups have never been a drama for the staff to help us solve and nothing is ever too much trouble to help us along the way to building our business through banking. Their rates are always competitive and we would never consider another bank or financial institution for all our needs. Loyal staff and loyal friends = Best Bank Ever.
Neil & Kathalina
American Express contributes an additional $10,000 into SCCU Community Grants, bringing the total amount up to a massive $60,000

Proving how businesses can come together to make a real impact, Southern Cross Credit Union (SCCU) today announced an additional $10,000 on top of their $50,000 Community Grants program thanks to their international payments partner, American Express. Having tripled their contribution into the Grants program this year, SCCU CEO, Stuart...

Proving how businesses can come together to make a real impact, Southern Cross Credit Union (SCCU) today announced an...

Read More
SCCU increase the level of financial support to provide $50,000 in Community Grants

Southern Cross Credit Union announces more funding than ever before for their Community Grants program, with a total of $50,000 to be shared across applications from families, individuals, business and community groups. Community Grants is SCCU’s largest annual community program, generating enormous interest across the Northern Rivers. Living true to...

Southern Cross Credit Union announces more funding than ever before for their Community Grants program, with a total of...

Read More
Paid the Wrong Account: What Now?

Did you know that if you make a Mistaken Internet Payment, there is a real risk of losing your money, regardless of who you bank with? What is a Mistaken Internet Payment?​ A Mistaken Internet Payment happens when you transfer money to an unintended recipient using the 'Pay Anyone' function in...

Did you know that if you make a Mistaken Internet Payment, there is a real risk of losing your...

Read More
How your TFN can save you money!

Have you provided your TFN or ABN to your financial institution? If not, then it's probably costing you money! Did you know that Withholding Tax is applied to interest payments on accounts owned by non-residents of Australia? From the ATO's perspective, if the institution you bank with does not have...

Have you provided your TFN or ABN to your financial institution? If not, then it's probably costing you money! Did...

Read More