COVID-19 National: Business – Export Finance Australia COVID-19 Export Capital Facility

This program aims to assist previously profitable Australian exporters whose businesses have been impacted by COVID-19. It will complement other measures announced by the Government which enable banks to support new and existing clients.

Exporters should contact their banks in the first instance to determine what assistance may be available to them.

Loans between $250,000 and $50 million are available under the following terms:
- Repayment: Up to two years.
- Interest rate: A competitive, commercial interest rate depending on the risk profile of the business and debt servicing capacity. Deferrals of principal and interest repayments may also be available, depending on the business' circumstances.
- Security: Security requirements will be assessed on a case-by-case basis.

In addition to loans, EFA provide a range of financial solutions to meet the business needs, including:
- Guarantees – to the business' bank when they need additional security.
- Bonds – to help the business fulfil the terms of their export contract.

A total funding pool of $500 million is available.

Eligible applicants include Australian businesses who are exporters or operating in an export supply chain and who:
- Have been trading for at least two years.
- Have had profitable operations in either of the two financial years prior to markets being impacted by COVID-19.
- Are unable to secure finance from the private market because of COVID-19.
- Have an annual turnover of at least $250,000.

The Facility can assist with:
- Working capital support – to finance against supplier invoices or international purchase orders.
- Capital investment – to purchase new equipment and expand the business export operations.
- International expansion – to establish or grow the business operations overseas.
- Online growth – to invest in eCommerce and grow sales to international customers.