The maximum size of the loan your business or organisation is eligible for depends on the number of full-time equivalent employees (FTEs) employed. The loan amount is $10,000 per firm, plus $1,800 per FTE.
To find out the number of FTEs employed by your business or organisation, you'll need to know how many full-time and part-time employees you have.
- An employee working 20 hours or more per week is considered full-time, and counts as 1 FTE.
- An employee working up to 20 hours per week is considered part-time, and counts as 0.6 FTEs.
The sum of your FTEs is rounded up to the nearest whole number and is measured at the time you apply.
Receiving the Small Business Cashflow Scheme loan
The maximum loan your business or organisation can receive is $100,000. Sole traders can receive a loan of up to $11,800.
After you apply for the loan, we will offer your business or organisation a loan amount. You have the option to accept the full loan amount offered, or opt to take a smaller loan amount instead. You can only make one loan application and no amendments can be made after the loan has been applied for.