Support for Indigenous businesses to recover from COVID-19
Indigenous Business Australia – COVID-19 SupportLast Updated: 20 June 2022
Indigenous Business Australia – COVID-19 Support
Indigenous Business Australia - COVID-19 Support provides Indigenous businesses with funding and specialist advice to help them recover from the impact of COVID-19.
What you get?
Advice and working capital assistance of up to $200,000.
Who is this for?
Indigenous businesses who have been impacted by COVID-19.
Overview
The Indigenous Business Relief Package provides support for all Indigenous businesses who have been impacted by COVID-19. This new relief package has been designed in collaboration with the National Indigenous Australians Agency (NIAA) to respond to the immediate challenges Indigenous businesses are facing.
The package includes:
- access to specialist advice to navigate the COVID-19 crisis, including a rapid assessment of your business positioning, cashflow management and assistance to access available stimulus measures from Federal, State/Territories
- working capital assistance of up to $200,000 via a loan/grant package (assessed on a needs basis), which may consist of:
- a capped grant component to assist with ongoing fixed costs, purchase of equipment and generating revenue
- a loan to assist with working capital needs, with a term of up to 5 years, with no repayments for the first 12 months, and preferential interest rates
- a combination of the above.
How do you apply?
You can find out more about eligibility and how to apply at Indigenous Business Australia - COVID-19 Support.