Tyro Payments and nine customer-owned financial institutions are the latest to announce their participation in the government's Coronavirus SME Loan Guarantee Scheme.Tyro said it had lodged a participating lender agreement with Treasury and expects to have an allocation of up to A$75 million.In addition to its merchant acquiring business, Tyro provides working capital finance and holds merchant deposits. It originated $37.4 million of loans in the December half.The Customer Owned Banking Association reported that Australian Mutual Bank, Bank Australia, Bank of Us, Heritage Bank, Queensland Country Bank, Regional Australia Bank, Summerland Credit Union, The Capricornian and Unity Bank have been granted allocations under the scheme.COBA chief executive Michael Lawrence said there was a prospect of further appointments from the sector, with a number of other lenders working on applications.Under the terms of the scheme, businesses with turnover up to $50 million can borrow unsecured up to $250,000 with a term of up to three years and an initial six-month repayment holiday.Lenders will set their own lending standards and determine interest rates. Treasury says "lenders should take account of the risk shared by the government in determining interest rates."The government will provide eligible lenders with a guarantee for 50 per cent of new lending up to September 30. The scheme is designed to support up to $40 billion of working capital for SMEs.Last week, Moula, Liberty Financial, MyState Bank and Prospa announced their participation.Meanwhile 35 ADIs have drawn funds under Reserve Bank's term funding facility.Under the TFF scheme, authorised deposit-taking institutions will have access to funds at a fixed interest rate of 0.25 per cent for three years. Interest will be due at maturity or when the use of the facility is terminated. All ADIs that extend credit are eligible to participate. They must be able to give the RBA eligible collateral and to do this they must satisfy the criteria for counterparty eligibility or the RBA's domestic market operations.The initial allowance for each ADI will be set at 3 per cent of total credit outstanding to Australian resident households and businesses. There is also provision for an additional allowance, based on large business credit outstandings.Lowe said: "The knowledge that ADIs have access to this scheme over coming months has reduced any concern there might have been about possible future liquidity strains."In doing so, this scheme has supported confidence that Australia's ADIs will be able to access the liquidity needed to support their customers. It has also contributed to the low cost of borrowing new funds at fixed interest rates for businesses and households."Lowe also reported that the RBA has bought around $47 billion of government bonds. It has bought bonds along the yield curve issued by the Australian government and the states and territories.It has done this through daily auctions in the secondary market, with initial daily purchase amounts of $4 billion and $5 billion."In those first days we were keen to underline our commitment to the target [getting the three-year government bond yield down to 25 basis points] and