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.

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
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