Overview
The Start-up Finance Package provides Aboriginal and Torres Strait Islander start-ups with access to loans up to $150,000 to help new businesses get off the ground. The package includes up to 30% of the loan as a non-repayable grant for purchasing business assets, flexible repayment options over 7 years, and minimal security requirements.
Eligibility Requirements
Applicants must be at least 18 years old and of Aboriginal and/or Torres Strait Islander descent, own at least 50% of the business (or have 50% owned by indigenous people), have less than $400,000 in annual turnover, have been trading for less than 2 years, and have a commercially viable business model.
Who Can Apply
Relevant Industries
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application page