Financial support during COVID-19
For many small businesses, the past month has been the hardest they have ever faced. Revenue has dried up for some while others are surviving on a trickle. As a result, the Australian Government has established the Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme to provide $40 billion in support for lending to SMEs (including sole traders and not-for-profits).
Read FAQsWhy use your Xero data
Speedy application
Apply for a business loan or finance with one of our lending partners in as little as 20 minutes.
Just make sure your information is correct and up-to-date in Xero before you apply.
Share financials directly with the lender
Forget about preparing paperwork.
Simply connect your Xero organisation during the application process and your financial reports and other Xero data will be securely shared with the lender.
Get a decision sooner
Giving the lender access to your business financials in Xero means they have the information they need to make a decision faster.
The quicker you know the lender’s decision, the quicker you can act.
Rest assured your Xero data is safe
- Your Xero data will be securely shared with the lender on your consent.
Xero protects the privacy of your data using multiple layers of protection including encryption.
Explore different types of business loans & finance
Xero has partnered with financial institutions to streamline the process to get finance for your small business.
Invoice finance
Receive payment for your invoices straight away instead of waiting 30 days or more for your customers to pay. This is generally a short to medium-term financing solution.
Business loan
Borrow a lump sum of money that you pay back over an agreed time period in a series of repayments. This is generally a medium to long-term financing solution.
Business overdraft
Apply for a line of credit that you can access whenever your bank account balance drops below zero. This is generally a short-term financing solution.
Business credit card
Apply for credit up to an approved limit on a business credit card to purchase goods and services. This is generally a short-term financing solution.
Vehicle and equipment finance
Borrow money to purchase vehicles or equipment for your business, and take advantage of competitive interest rates by using the vehicle or equipment to secure the loan. This is generally a medium to long-term solution.
Important notice
This page contains general information only and should not be taken as taxation, financial, investment or legal advice. Xero recommends that you always obtain specific and detailed professional advice about any business, lending and credit decisions.
It’s up to you to assess the suitability of any loan, product or service before going ahead.
Xero may receive payments or commissions from lenders when Xero customers choose their financial products or services.