Entrepreneur Development Loan Fund EDLF ACT


The Entrepreneur Development Loan Fund provides ACT businesses with unsecured loans to help them with the costs of business development and growth.

Open
Application detail:

Applications may be made at any time.

What do you get?

Loans of up to $20,000.

Who is this for?

Established ACT businesses.

Overview

Loans may be used for a range of purposes, including:

  • structuring the business for growth into other markets and regions
  • developing new skills and knowledge that will help the business develop further/faster
  • the costs of equipment/materials required to service an existing or upcoming contract/project

What are the eligibility criteria?

To be eligible, you must:

  • be an established business in the ACT with an Australian business number (ABN) or Australian company number (ACN)
  • have the agreement of all shareholders and board members if required, to take on the loan
  • have an existing product or service (this loan is not intended to support prototype development or start-ups)
  • be able to support the loan without imposing undue stress on the business
  • have an annual turnover less than $1 million
  • be unable to obtain traditional debt financing and are not seeking equity investment at this stage

How do you apply?

Find out more about eligibility and how to apply at Entrepreneur Development Loan Fund.