Lending a hand: insights into COVID loans

In this video series we will chat with leading banks and lenders on how they are providing financial support for small businesses under the Coronavirus SME Guarantee Scheme.

For more information on the scheme, see our FAQs.

Insights from Moula

"The process is very simple and it's times like this where it needs to be fast."
- Aris Allegos, CEO and Co-Founder, Moula

  • Does Moula have an SME Guarantee Scheme loan? (0:38)
  • Who is eligible for these loans? (1:36)
  • Is the application process similar to the existing Moula application? (2:21)
  • What can the funds be used for? (3:00)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (4:01)
  • What are 2 or 3 tips for small businesses when applying? (5:29)

Learn more about Moula's support.

Insights from NAB

"It was really critical for the governement and financial institutions to rally around and give customers access to working capital"
- Andy Kerr, EGM Business Customer Solutions, NAB

  • Does NAB have an SME Guarantee Scheme loan? (0:46)
  • Who is eligible for these loans? (1:19)
  • What's the process to apply? (2:07)
  • What can the funds be used for? (3:37)
  • Are the loans available now? (4:22)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (4:41)
  • What are 2 or 3 tips for small businesses when applying? (6:44)

Learn more about NAB's support.

Insights from GetCapital

"It's important that a business doesn't look to over extend itself with debt"
- Frank Sterle, COO, GetCapital

  • Does GetCapital have an SME Guarantee Scheme loan? (0:40)
  • Who is eligible for these loans? (1:34)
  • What's the process to apply? (1:49)
  • What can the funds be used for? (2:45)
  • Are the loans available now? (3:15)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (3:33)
  • What are 2 or 3 tips for small businesses when applying? (5:18)

Learn more about GetCapital's support.

Insights from Westpac

"Get financial information up to speed including cashflows with the new assumptions given the current environment."
- Chris Brell, State General Manager NSW/ACT, Westpac

  • Does Westpac have an SME Guarantee Scheme loan? (0:34)
  • Who is eligible for these loans? (1:18)
  • What's the process to apply? (2:22)
  • What can the funds be used for? (3:02)
  • Are the loans available now? (3:22)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (3:36)
  • What are 2 or 3 tips for small businesses when applying? (4:22)

Learn more about Westpac's support.

Insights from Bendigo Bank

"Accountants and bookkeepers play a great advisory role in directing people to the different solutions that are available."
- Andrew Smith, Head of Business Banking, Bendigo Bank

  • Does Bendigo Bank have an SME Guarantee Scheme loan? (0:39)
  • Who is eligible for these loans? (1:17)
  • What's the process to apply? (1:39)
  • What can the funds be used for? (2:16)
  • Are the loans available now? (2:41)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (3:09)
  • What are 2 or 3 tips for small businesses when applying? (4:02)

Learn more about Bendigo Bank's support.

Insights from Judo Bank

"Be prepared, know where the gap is in your revenue and fixed costs."
- Kris Whitehead, Managing Director - Relationships, Judo Bank

  • Does Judo Bank have an SME Guarantee Scheme loan? (0:41)
  • Who is eligible for these loans? (1:00)
  • What's the process to apply? (1:25)
  • What can the funds be used for? (2:24)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (4:01)
  • What are 2 or 3 tips for small businesses when applying? (7:03)

Learn more about Judo Bank's support.

Insights from Spotcap

"Be really familiar with what's in the marketplace and work with your advisor to choose what's right for your business."
- Simon Keast, Managing Director, Spotcap

  • Does Spotcap have an SME Guarantee Scheme loan? (0:40)
  • Who is eligible for these loans? (1:04)
  • What's the process to apply? (1:39)
  • What can the funds be used for? (2:56)
  • Are the loans available now? (3:07)
  • What are 2 or 3 tips for accountants/bookkeepers when helping clients? (3:27)
  • What are 2 or 3 tips for small businesses when applying? (4:19)

Learn more about Spotcap's support.

Stay tuned for more videos coming soon!