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The maximum size of the loan you can get depends on the number of full-time-equivalent employees calculated from wage subsidy funding. It is $10,000 plus $1,800 per full-time-equivalent employee.  The maximum loan is $100,000.  Sole traders can receive a loan of up to $11,800.

You have the option to accept the full loan amount offered or a smaller loan. You can only make one loan application and no amendments can be made after the loan has been applied for.

To determine the number of full-time-equivalent employees - we will divide the wage subsidy amount (that you received or would have received if you applied for the wage subsidy for all your employees) by $7,029.60 - the wage subsidy received for one full time employee. The result will be rounded up to the nearest full-time-equivalent employee.

Example: Scott's Signage

Scott's Signage has 8 full-time and 4 part-time employees and would have received $73,036.80 in wage subsidies.

For the purposes of the maximum loan size, Scott's Signage is considered to have 11 full-time-equivalent employees.

$73,036.80 divided by $7,029.60 is 10.4 - rounded up to 11.

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Small business cashflow loan calculator

Use this calculator to work out how much you could borrow under the Small Business Cashflow Loan Scheme.

Go to this tool