ANZ – Australian Government’s SME Guarantee Scheme Ending Soon

30th May, 2022 | Articles, Branch News 31 May 2022, Lender Updates

In this article:
Commercial lending and asset finance applications cut off times apply.

The phase 3 of the Australian Government’s Small to Medium Enterprise Recovery Loan Scheme (GGS3) will end on 30 June 2022. 

 An eligible GGS3 credit application needs to be approved, and the letter of offer issued by ANZ, by 30 June 2022 at the latest. To help ensure this deadline is met and a timely decision is provided to your clients, please take note of the application cut off times below: 

  • Commercial lending up to $1m: Applications must be submitted by COB Friday, 3 June 2022. 
  • Commercial lending from $1m – $10m: Applications must be submitted by COB Monday, 20 June 2022.
  • Asset Finance: Applications must be submitted by COB Monday, 20 June 2022

GGS3 applications will not be accepted after these dates.

Please ensure the GGS3 applications you submit contain all required information because, if further information needs to be requested, it may delay assessment which could mean the application is not processed by the 30 June deadline.

For any questions please reach out to your BDM.