Suncorp is making it easier for small and medium businesses to invest in their business and increase their cashflow during the COVID-19 pandemic through Suncorp Bank’s new unsecured SME Support Loan.

Through this scheme, businesses impacted by COVID-19 who have an annual turnover of less than $50 million may apply to receive a three-year unsecured term loan of up to $250,000.

Business owners will not have to pay establishment or account keeping fees on this loan, with no repayments required for six months. Interest rates on the loans start from 4.69 per cent, with interest incurred to be capitalised during the six month period.

For more information on Suncorps unsecured SME Support Loan support, visit https://www.suncorp.com.au/covid19/covid19-information.html