What's a Restarter Loan? 

    • As part of the SME Recovery Loan Scheme, the Restarter Loan is designed to support business customers who have been adversely economically affected by the Coronavirus Pandemic and want to borrow a set amount over a set loan term.
    • For customers who meet the eligibility criteria under the SME Recovery Loan scheme and have an Australian Business Number (ABN).
    • It’s flexible to your needs. Choose your loan term, repayment frequency and type (interest only, principal and interest, or both) and loan security type.
    • These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes and meet the eligibility criteria of the Government SME Recovery Loan Scheme Rules. Applications must be approved on or before 30 June 2022. Rates are subject to change. Fees, charges, terms and conditions apply.

Could your business benefit?

A great rate to help you restart and a repayment holiday if you need it

  • Borrow up $5 million for eligible business purposes, secured or unsecured (lending criteria applies)1
  • Variable interest rates with zero establishment, service or commitment fees
  • Repayment holidays of 3, 6, 9 or 12 months on principal & interest loans.

Flexible loan term & security

  • Restarter Loans may be secured or unsecured. Guarantees from Directors may also be required
  • Loan security is how you guarantee to the Bank that you’re able to meet the costs of the loan
  • Restarter Loans may be used to refinance eligible commercial debt

A quick decision, so you can focus on getting back to business

Eligible customers could receive a conditional approval within 24 hours3 of submitting their application, and have funds in their account in just a few business days

A Restarter Loan may be suitable for:

    • Small to medium sized businesses with up to $250 million turnover, including those self-employed, and not-for-profits
    • Your business has been adversely economically affected by the coronavirus pandemic
    • Must have an Australian Business Number (ABN)
    • Available to current and new CommBank business customers
    • Meet the eligibility criteria under the Government’s SME Recovery Loan scheme 

Your repayment options

You can make interest-only or principal and interest repayments. All Restarter Loans come with a variable interest rate.

Choose a combination

  • You can make interest-only or principal and interest repayments
  • You can also choose a combination of both - for example, interest-only repayments for a set period, and then principal and interest repayments 
  • Your business banker will help you work out what works best for you and your business
  • Only pay interest on the funds you use

Variable interest rate 

  • With a variable rate, your interest rate could change. This usually happens when the Reserve Bank of Australia (RBA) changes the official cash rate
  • You could benefit when interest rates are decreased, but you won't be protected if they increase
  • You could pay your loan off quicker with extra repayments

How to apply

  • Applications close 17th June 2022

    Enquire or apply over the phone by calling 13 19 98, 24/7.

    Or request a callback and we’ll get in touch with you in 1-2 business days.

    Request a callback

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 19 November 2021 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.

    1 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 less than $250 million in the financial years 2019-20, 2020-21 and/or 2021-22 and have an ABN. Under the Scheme Rules businesses are able to borrow up to a maximum of $5 million across all lending products and finance providers. 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 must be approved on or before 30 June 2022. Rates are subject to change. Fees, charges, terms and conditions apply. See full Government SME Recovery Loan Scheme Rules.

    2 Credit provided by the Commonwealth Bank of Australia.  These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business FinanceFinancial Services Guide and Business Transaction Account terms and conditions and consider them before making any decision about these products. Rates are subject to change. For current interest rates, visit business banking rates and fees. Fees, charges and Terms & Conditions apply.

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