Customers affected by NSW and Victorian Lockdowns

Our mission is to support and stand behind our customers, and that’s exactly what we are doing. We are acutely aware of the challenges facing SME businesses by the recent NSW and Victorian lockdowns and the resulting wave of uncertainty this can bring.

Government SME Recovery Loan Scheme

As the momentum of economic recovery across the country continues to build, we stand with the small and medium businesses that are leading the way forward. And with a number of recently announced initiatives designed to support and jumpstart businesses nationwide, the Federal Government does too.

The Judo Bank SME Recovery Loan is designed to be provided as part of the Australian Government’s SME Recovery Loan Scheme (‘Scheme’). Eligibility under the Scheme is determined by the Scheme rules.

Loan Availability

Loans up to $5 million are available to new and existing customers with a turnover of up to $250 million.

Scheme Timeline

The Scheme commenced on 1 April 2021 and will close for new loans on 31 December 2021.

Loan Accessibility

These loans are accessible via our Business Loans, Line of Credit and Asset Finance products and refinance of certain existing debt (including debt from the SME Guarantee Scheme).

Repayment Holiday

An initial 12-month repayment holiday (with a further 12-months at the end of the initial period) is available to eligible businesses for eligible loan products.

Security Types

Customers will be able to pledge all security types (including company charge, specific charge over asset(s), commercial property ) except residential property in support of their loan.

Loan Eligibility

You may be eligible if you run a business that received or was eligible for JobKeeper payments between 4 January 2021 and 28 March 2021; or run a business which has been adversely impacted by flooding in Australia in March 2021.

Business purpose can include working capital, business investment/expenditure, business acquisitions, commercial property purchases and refinance of certain existing debt (including debt from the SME Guarantee Scheme). However, loans issued under the Scheme cannot be used to purchase residential property, purchase financial products, lend to an associated entity or to lease, rent, hire or hire-purchase existing assets that are more than halfway into their effective life.

For more information on the SME Scheme, please click here to visit the Australian Government SME Scheme website.

Contact us if you wish to apply for SME Recovery Loan Scheme


This information is of a general nature only and does not take into account your objectives, financial situation or needs. In particular, you should seek independent financial advice and read the relevant terms and conditions and relevant product documents prior to making a decision. | Past performance is not an indication of future performance. | Eligibility criteria, fees and charges and terms and conditions may apply to Judo Bank’s products and services. | The information on this page is current as at 14 April 2021 | The statements and content on this page have been sourced from various government publications and summarised. Judo Bank disclaims, to the extent permitted by law, all warranties, representations or endorsements, express or implied, with regard to the material and does not accept any liability in relation to the quality, operability or accuracy of the material.