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Take the next step
in your stride

Tackle whatever's next for your business with new, affordable, flexible lending from ANZ that is part of the Australian Government SME Guarantee Scheme.

Choose from two low-rate lending options:

Talk to us about taking your next step

What's the ANZ Next Step Business Loan?

A low variable-rate business loan that is part of the Government Scheme. Borrow up to $1 million secured or unsecured, with no loan approval fee and no loan account fees.

Read about the Government SME Guarantee Scheme.

 

Features and benefits

Whether you need working capital or you’re ready to invest for growth, we’ve got you covered.

 

Low variable-rate loan

Unsecured or secured loan options

Borrow up to $1 million for up to five years

 

Interest rates & charges

Choose from an unsecured or secured loan.

From 4.99% p.a.

ANZ unsecured loan variable rate

You won't need to provide an asset as security, although a personal guarantee may be required (for example from company directors).

ANZ secured loan

Secured loans with a lower rate availabledisclaimer

You'll need to provide a suitable asset as security that meets ANZ requirements and Scheme rulesdisclaimer.

Low fees

  • No loan approval fee
  • No loan account fees

 

What can I use it for?

Your loan can be used to meet the unique needs of your business, such as:

  • Investing in your business
  • Working capital
  • Supporting the purchase of commercial property
  • Supporting the start-up or purchase of a new business
  • Purchasing stock or equipment

 

 

Eligibility criteria

Available to both existing and new ANZ customers. To apply please ensure that your business and lending needs meet the Australian Government’s SME Guarantee Scheme criteria

Customers taking out ANZ Government Scheme lending are required, under the Scheme, to sign a Declaration to confirm their eligibility.

  • Your business must have an ABN.
  • Your business must have an annual turnover of less than $50 million (2019-20 income year) and/or is likely to be less than $50 million (2020‑21 income year).
  • You are applying for new lending for business purposes. Refinance is only allowed for the re-finance of existing lending under Phase 1 of the Government’s SME Guarantee Scheme.
  • Lending cannot be used: to purchase residential property or a financial product; to lease, rent, hire or hire purchase existing assets that are more than half way into their effective life; or for the provision of loans to an 'associated entity'.
  • Lending is capped at $1 million in aggregate per ABN. This incorporates all lending that qualifies under the Scheme taken out by the ABN from any provider, excluding any Phase 1 Scheme lending.
  • All lending must be unconditionally approved with signed contracts returned to ANZ by 30 June 2021.

For more information and eligibility details, visit Government SME Guarantee Scheme FAQs.

Are you after Vehicle and Equipment Finance instead?

Purchase vehicles and equipment for your business with ANZ’s new low-rate finance that is part of the Australian Government SME Guarantee Scheme. Borrow up to $1 million with the ability to tailor repayments to your cash flow.

Features at a glance

  • Low fixed rate 
  • No establishment fee 
  • Tailor repayments to suit your cash flow 
  • Borrow up to $1 million for up to five years 
  • Security - the asset you purchase will be used as security for the financedisclaimer

Take a look

For more information and eligibility details, visit Government SME Guarantee Scheme FAQs.

How to apply

You can choose how you'd like to apply for our ANZ Next Step Business Loan

 

Let us call you

Leave your details and our specialist business banker will call you to discuss your business needs.

Request a call back

 

Need a fast decision?

Get a decision fast when you apply online for unsecureddisclaimerloans up to $200K if eligible.

You’ll need to:

  • be a sole trader or single-director company 
  • have been using accounting software since 1 February 2019.

Apply now

 

Call us straight away

Mon-Fri 8.30am to 8pm (AEST)

 

1800 801 485  

 

Questions? Here's the nitty gritty.

The Government’s SME Guarantee Scheme is designed to support the flow of funds to Australian businesses during a time of unprecedented uncertainty. Under the Scheme, the Government guarantees 50 per percent of new loans issued by eligible lenders to SMEs. 

  • Phase 1 of the Scheme closed on 30 September 2020.
  • Phase 2 of the Scheme started 1 October 2020
  • Applications under Phase 2 of the scheme must be unconditionally approved by 30 June 2021.

Find out more: Government SME Guarantee Scheme site

ANZ’s Government Guarantee Scheme Lending is open to new and existing customers.

To apply please ensure that your business and lending needs meet the Australian Government’s SME Guarantee Scheme criteria.

Customers taking out ANZ Government Scheme lending are required, under the Scheme, to sign a Declaration to confirm their eligibility.

  • Your business must have an ABN.
  • Your business must have an annual turnover of less than $50m (2019-20 income year) and/or is likely to be less than $50 million (2020‑21 income year).
  • You are applying for new lending for business purposes. Refinance is only allowed for the re-finance of existing lending under Phase 1 of the Government’s SME Guarantee Scheme.
  • Lending cannot be used to: purchase residential property or a financial product; to lease, rent, hire or hire purchase existing assets that are more than half way into their effective life; or for the provision of loans to an ‘associated entity’.
  • Lending is capped at $1 million in aggregate per ABN. This incorporates all lending that qualifies under the Scheme taken out by the ABN from any provider, excluding any Phase 1 Scheme lending.
  • All lending must be unconditionally approved with signed contracts returned to ANZ by 30 June 2021.

Find out more: Government’s SME Guarantee Scheme site.  

Yes, you may be eligible to borrow funds under Phase 2 of the Australian Government SME Guarantee Scheme.

You may be eligible to apply for multiple products that qualify under the Australian Government SME Guarantee Scheme, subject to the maximum total borrowing amount for all loans (including those from other participating lenders in the Scheme) of $1million per ABN.

For all eligible ANZ business lending that qualifies for the Government Guarantee Scheme, the following standard fees have been waived:

  • ANZ Business Loan approval fee and loan administration charge (“loan account fee”)
  • ANZ Vehicle & Equipment establishment fee

Normal bank transaction account fees apply.

Eligible customers who have already accessed support through the ANZ COVID-19 Support Package can apply for new borrowing that qualifies under Phase 2 of the Government SME Guarantee Scheme.

Find out more: Government’s SME Guarantee Scheme site.

The maximum total borrowing amount for all loans that qualify under Phase 2 of the Government SME Guarantee Scheme (including those from other participating lenders in the Scheme) is $1million per eligible ABN. This excludes lending taken out under Phase 1 of the Scheme.

All lending provided by ANZ under the Government SME Guarantee Scheme is subject to ANZ's normal credit approval criteria.

For a secured loan, you’ll need to provide suitable security acceptable to ANZ, meeting ANZ’s requirements, including minimum security coverage and security location. Residential property cannot be used as security under the Scheme.

With an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required (for example from company directors).

Interest rates and fees are current as at Thursday, 1 October 2020 and are subject to change without notice. The interest rate on Variable Rate Loans is subject to change throughout the term of the Loan.

All lending provided by ANZ under the Australian Government SME Guarantee Scheme is subject to ANZ's normal credit approval criteria. Terms and conditions and Fees and charges apply.  For information and eligibility rules please visit Government SME Guarantee Scheme.  

Rates may vary based on ANZ’s credit criteria or your financial circumstances.

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For a secured loan, you’ll need to provide security acceptable to ANZ, meeting ANZ’s requirements, including minimum security coverage and suitable location. Residential property can’t be used as security under the Government Guarantee Scheme. For an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required (for example from company directors).

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Vehicle and Equipment Finance product is a Chattel Mortgage. Some used assets may be ineligible under the Australian Government SME Guarantee Scheme.

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For an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required (for example from company directors).

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