𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐁𝐎𝐎𝐒𝐓𝐄𝐑 𝐋𝐎𝐀𝐍
𝗪𝗵𝗮𝘁 𝗶𝘀 𝗶𝘁?
The business boost loan is a 2-year unsecured loan available to eligible existing CBA customers. 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.
Eligible business customers may be able to borrow up to $100,000 through the new loan offering.
As part of the SME Recovery Loan Scheme, the Business Boost Loan is designed to support business customers who have been adversely economically affected by the pandemic and who want to borrow a set amount over a two-year loan term.
𝗔𝗿𝗲 𝘆𝗼𝘂 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲?
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 you may be able to apply via another application pathway.
𝗛𝗼𝘄 𝘁𝗼 𝗮𝗽𝗽𝗹𝘆?
Eligible existing customers can now apply for a Business Boost Loan via BizExpress in Netbank or the CommBank app.
Customers can complete the application online and receive a real-time credit decision and fast access to funds.
A one-off fee is added to the total loan amount and repaid over the life of the loan
Apply here: cba.com.au/businessboost