Start-Up Finance Package


The Start-up Finance Package provides Aboriginal and Torres Strait Islander start-ups with access to loans to help new businesses get off the ground.

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Application detail:

Apply at any time.

What do you get?

Finance package of up to $100,000.

Who is this for?

Aboriginal and Torres Strait Islander individuals and businesses.

Overview

The start-up finance package is up to $100,000 and includes:

  • up to 30% of a new business loan as a grant to purchase assets for the business which does not need to be repaid
  • flexible loan repayment options
  • no application or line service fees
  • loan term of 7 years
  • minimum security requirements.

What are the eligibility criteria?

To be eligible, you must:

  • be at least 18 and of Aboriginal and/or Torres Strait Islander descent
  • own at least 50% of the business, or have at least 50% of the business owned by people of indigenous descent
  • have less than $400,000 in annual turnover
  • have been trading for less than 2 years
  • have a commercially viable business model.

How do you apply?

Find out more about eligibility and how to apply at Start-Up Finance Package.

Contact information