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Business Growth Loan Scheme TAS


This scheme provides businesses with concessional loans to help them develop and transition to sustainable post-COVID-19 operating models.

Open
Close date: 14 Sep 2021 12:00 AM AEST.
Application detail:

The scheme will be open for applications for 12 months or until funding is exhausted, whichever occurs first.

What do you get?

Loans from $20,000 to $3 million.

Who is this for?

Tasmanian businesses.

Overview

Concessional loan funding is available to support:

  • businesses to recover, adapt, grow and develop enhanced business models that support employment retention and business growth
  • new projects that contribute towards employment and growth of the Tasmanian economy

What are the eligibility criteria?

To be eligible, the business must:

  • hold an active Australian business number (ABN) and be registered for goods and services tax (GST)
  • be located in Tasmania and support Tasmanian employment
  • generally, have a turnover of less than $10 million across the last 2 financial years, or in the caseĀ of a new project, have a projected average turnover of less than $10 million in the first 2 years of operation
  • demonstrate a history of profitability pre-COVID-19 and/or have a sustainable pathway to recovery, or for new businesses or projects, be able to demonstrate sound prospects for the new venture
  • confirm that statutory payments (e.g GST, PAYG-witholding, PAYG-instalments, payroll tax etc) were up to date pre-COVID-19

How do you apply?

Find out more about eligibility and how to apply at Business Growth Loan Scheme.