How to keep your network in the loop on Government Guarantee Scheme loans

The outlook for Australian business into 2021 is increasingly optimistic: most restrictions across the country are starting to lift, including the reopening of key industries like entertainment, hospitality and retail. The new year will offer businesses opportunities for growth.

Partnering with a business broker while planning for growth is an important consideration for business owners to make. As a broker, you have the opportunity to educate your customers on what options are available to them in the market.

As part of your regular check-ins with your customer network, you will be able to ensure they are informed on changing customer offers, including government initiatives like the Government Guarantee Scheme.

As a key funding opportunity for businesses in 2021, the recently announced Government Guarantee Scheme makes it more accessible and cheaper for your customers to access funding.

This initiative, announced by the Federal Government, increases banks ability to approve business lending. As a result, ANZ has developed two key opportunities for affordable and flexible lending options for your customers:

ANZ Next Step Business Loan*

• A low variable-rate (from 4.24%) business loan that is part of the Australian Government SME Guarantee Scheme. Customers may be eligible to borrow up to $1 million secured or unsecured, with no loan approval fee and no loan account fees.

ANZ Next Step Vehicle and Equipment Finance*

• Customers can purchase vehicles and equipment for their business with ANZ’s new low-rate finance that is part of the Australian Government SME Guarantee Scheme. They may be eligible to borrow up to $1 million with the ability to tailor repayments to their cash flow.

At ANZ, we are actively working to keep you informed on changing market options, and resulting ANZ offers to benefit customers. By regularly reading your aggregator communications and taking advantage of digital training opportunities such as webinars you can stay ahead of the curve.

As part of the two way communication with our BDMs and Bankers, brokers have the ability to communicate to their client base via a channel tailored to their client base. After so much disruption to Australian business this year, it’s never been more important to stay close to customers and understand their changing needs.

We are seeing a vital opportunity for you to provide customers with their best-suited options for growth in 2021 by taking advantage of government incentives, put in place to support Australian business. Keeping your customers informed of their best options for financial support is key to assisting them to manage the ups and downs of business.

*Eligibility and credit criteria apply.