Small Business Survival Payment NT


The Small Business Survival Payment provides funding to small businesses significantly impacted by COVID-19 to help them survive, adapt and prepare for the economic rebound.

Open
Application detail:

Applications will remain open until funds have been fully committed.

What do you get?

Funding of between $2,000 to $20,000.

Who is this for?

Small businesses in the Northern Territory.

Overview

Funding is available to help small businesses survive COVID-19 impacts and the traditionally low tourist season, including:

  • $2,000 for sole traders with normal turnover of greater than $75,000
  • $5,000 for businesses with 2 to 5 full time equivalent employees (FTEs)
  • $10,000 for businesses with 6 to 19 FTEs
  • $20,000 for businesses with more than 20 FTEs

What are the eligibility criteria?

To be eligible, you must:

  • be an actively trading business with an annual turnover of at least $75,000 and less than $10 million
  • be able to demonstrate a minimum of 50% reduction in turnover experienced in October 2020 compared to October 2019
  • be a Territory enterprise
  • have a valid Australian business number (ABN)
  • provide valid evidence of workforce size and financial situation
  • have been operating for at least 12 months prior to the date of announcement of this initiative

How do you apply?

Find out more about eligibility and how to apply at Small Business Survival Payment.

Contact information