What is a Business Boost Loan? 

    • Borrow up to $100,000 with no security required
    • As part of the SME Recovery Loan Scheme, this product is designed to support business customers who have been adversely economically affected by the Coronavirus Pandemic and who want to borrow a set amount over a 2 year loan term
    • For existing CommBank Business customers, who meet the eligibility criteria under the SME Recovery Loan scheme and have an Australian Business Number (ABN)
    • Available exclusively via BizExpress, we will use information we already hold about you or your business or additional information you provide to us, so that we can streamline and fast track your loan application process.

Could your business benefit?

  • No interest, ever.

    There’s no interest (that’s right, zero). Just one Establishment Fee1 that you know about up front, based on your total amount borrowed.

    • The fee is added to your total loan amount and repaid over the life of the loan, leaving you with more cash on hand in the meantime
    • Unlike per annum interest rates, the quoted fee covers the entire two year term
  • Get moving before you repay with a repayment holiday

    There’s a 3 month repayment holiday upfront, so you can really get moving before you need to make a repayment.

    • If you choose to repay early, there’s no early repayment fee. The establishment fee is non-refundable (whether you use the Limit or not, or repay early).
  • Fast access to funds and less paperwork

    • You can get started with a fast online loan application, know whether you're approved within 24 hours2 of submitting your application and have access to the funds within a few days
    • We use the information we already have to reduce the number of documents required to assess your application.


  • A Business Boost Loan may be suitable for:

    • Existing customers seeking a loan for business purposes only
    • Small to medium sized businesses with up to $250 million turnover, those self-employed, and not-for-profits and have an ABN
    • Individuals and sole traders
    • If your business operates in the agricultural, property development, non-government education or mining industries, you are unable to apply for finance through BizExpress, but we may be able to help you via another application pathway.

    Please call us on 13 1998 to find out more

Fees & charges

No interest is payable for the life of the loan. Instead, you’ll be charged an Establishment Fee – one simple fee based on the amount you ask for in your loan application.1

  • The fee will be charged up-front from your loan account. Therefore, the fee will be included in your total amount borrowed (Loan Limit) and you will repay it as part of your regular repayments, at no extra cost
  • The fee is non-refundable. If you choose to repay your loan early, or don’t draw down on your loan, you will still owe the full value of the loan amount, including the Establishment Fee (i.e. while there is no extra charge for early repayment, the Establishment Fee is payable in full)
  • Unlike per annum interest rates, the quoted fee covers the entire two year term
  • The total fee will be $300 for every $5,000 you borrow.

For example:

  • If you apply for $10,000, your Business Boost Loan limit will be $10,600, which includes the $600 Establishment Fee, leaving you with available funds of $10,000
  • Between $30,001 and $35,000 (for example $33,000), your Establishment Fee will be $2,100 over the full two year term
  • Between $70,001 and $75,000 (for example $72,000), your Establishment Fee will be $4,500 over the full two year term
  • Your exact Establishment Fee will be calculated and displayed as you go through the loan application.

See below for the full table of fees:

Loan size
Total fee
(over 2 years, not per year)
$5,001 - $10,000
$10,001 - $15,000
$15,001 - $20,000
$20,001 - $25,000
$25,001 - $30,000
$30,001 - $35,000
$35,001 - $40,000
$40,001 - $45,000
$45,001 - $50,000
$50,001 - $55,000
$55,001 - $60,000
$60,001 - $65,000
$65,001 - $70,000
$70,001 - $75,000
$75,001 - $80,000
$80,001 - $85,000
$85,001 - $90,000
$90,001 - $95,000
$95,001 - $100,000

How to apply

Things you should know

  • As this information has been prepared without having regard for your individual and/or business objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances. This information is current as at 2 February 2022 and is prepared without taking into account your individual and/or business needs and objectives. CommBank has the right to change or cancel this offer at any time without notice. The statements and content of this fact sheet have been sourced from various government publications and summarised. CommBank 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.

    This information is current as at date of publication and is prepared without taking into account your individual and/or business needs and objectives.

    1 The Establishment Fee is financed through your loan account and is non-refundable (whether you use your Limit or not). The Establishment Fee is capitalised and added to the principal of your loan and will be paid by instalments as part of the principal from when your account is setup. If you (or, if you default, we) terminate the loan before the end of the Term and the principal (including the remaining Establishment Fee) becomes payable, no part of the Establishment Fee will be refunded.

    2 A lending decision within 24 hours is subject to the Bank's eligibility and suitability criteria.

    3 These products are only available to approved business customers and for business purposes only. Customers need to meet eligibility criteria of the Government SME Recovery Loan Scheme Rules including, impacted by Coronavirus or other eligible criteria, be a small to medium sized business with an annual turnover of less than $250 million in the financial years 2019-20, 2020-21 and/or 2021-22 and have an ABN. This offer cannot be used to purchase residential property or financial products, or to provide loans to associated entities. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. Applications available to 30 June 2022. You can view the Business Finance Terms and Conditions and should consider them before making any decision about these products and services.  (The Business Boost Loan refers to the Better Business Loan in the Business Finance Terms and Conditions.) Full Terms and Conditions are included in the Loan Offer. Bank fees and charges may apply.

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