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Are all bank loans usable for business needs in Australia?

  • Answered by Expert
  • Views 2093
  • Asked By Donya Perret

Small Business Questions
Got a question? Ask us!
Not all bank loans can be used for a business in Australia, as some bank loans may be of a more specific nature. These may include only being usable for your home. All government and bank loans in Australia have eligibility requirements that must be met. So, note these when you are looking for loans for your small business.

Get your small business funded through government grants, loans and private investor programs. To get access to our Funding Database which has hundreds of funding programs, become a member today.

You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.

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1. What's your Start-Up Stage?
Time spent on my business:


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Relevant Questions and Answers

Are the small business financing options open to partnership businesses?

  •   Asked by : Kacie Tims
  •  4707 views
  •  small business financing options

The Australian government really attempts to encourage individuals to start small businesses. The small business financing options that are put in place through the loans …Read Full Answer

Is there any reliable information about government loans that will help me with my existing small business?

  •   Asked by : Florencia Kramer
  •  7285 views
  •  information about government loans

There is reliable information about government loans available for you. You could contact the Australian government small business loans department and ask for information about …Read Full Answer

Can my Australian business simultaneously apply for both a government grant and loan?

  •   Asked by : Penni Issa
  •  2528 views
  •  Business Grant Loan Australia

Although doing so is certainly possible, someone hoping to apply for both a small business grant and loan in Australia should first be sure they …Read Full Answer

Are there government grants never required to be paid back for small business loans?

  •   Asked by : Julio Poulton
  •  8162 views
  •  government grants never

If you asked the question are there government grants never required to be paid back for small business loans, then you must understand that grants …Read Full Answer

How can I receive government grants for my small business?

  •   Asked by : Evelyn Delao
  •  5137 views
  •  how can i receive government grants

If you are asking the question how can I receive government grants for my small business then you may want to speak to qualified professionals …Read Full Answer

Similar Topics: Bank Loans For Business Australia

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Testimonials

startup gets funding
$17,300 Government Loan To Help Business Startup
Sydney, NSW
"Funding is available but you have to know where to look, you have to have a business plan and if you have a proven model this is your best tool to use to get you the funding." - Read my story
construction company gets funding
$92,300 in Government Funding for Construction Company
Wollongong, NSW
"Well all I can say is if you need funding, look for it. Be active and proactive about it. Don't just sit on the idea that you need it but go and do it." - Read my story
Daycare gets funding
$24,500 Government Funding For Daycare Facility
Melbourne, VIC
"Having knowledge in your industry is what will keep you motivated, and having expert guidance along the way doesn't hurt one bit. We benefited from government funding greatly and it's all thanks to australiastartups.org." - Read my story
junk removal company
$76,750 Government Funding For Junk Removal Company
Brisbane, QLD
"Your business plan is very important to the success of your business. Everyone looks at this! Be sure to have your idea on paper and to show how you will make money." - Read my story
Tech Company From Perth Queensland Gets Government Grant
Interview with a $75,485 Government Grant Recipient
Sydney, NSW
"Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency." - Read my story
cleaning company monitoring technology
$17,500 Small Business Loan for Sydney Startup
Sydney, NSW
"If you have a business idea, get a business plan made, don't waste time and start your funding search sooner rather then later." - Read my story
Earth Friendly Soap Business Story
Albury, NSW Small Business Starts Up With $76,300 Government Grant
Albury, NSW
"Just focus on what you are good at, don't waste your time researching, get help from experts who have already done the work, such as australiaStartups" - Read my story
government grant
Interview with a $138,000 Government Grant Recipient from Coffs Harbour, NSW
Coffs Harbour, NSW
"Have a support team with you and always start with a business plan as it will be the guide for your business. A business plan will take you on the path of success" - Read my story
Perth Retailer Gets Government Loan
$472,930 Low Interest Government Loan For Sydney Retailer
Sydney, NSW
"Banks said no to due to my poor credit and business inexperience, but the government funding program had a different reaction to my well developed business plan" - Read my story
doggy day care
$21,315 Government Provided Loan For Doggy Day Care Business
Albury, NSW
"No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
Home Renovation Company Gets Funded
$83,588 In Government Funding and Training Support For Home Reno Company
Sydney, NSW
"Remember, funding programs have deadlines so be sure to apply on time and follow the requirements as outlined by each funding program. They act as a guide to applying successfully." - Read my story
Perth eCommerce Business Gets $78,932 in Government Funding Support
Sydney eCommerce Business Gets $78,932 in Government Funding Support
Sydney, NSW
"Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story
Sydney Software Developer Gets $12,390 in Private and Government Funding Support
Melbourne Software Developer Gets $12,390 in Private and Government Funding Support
Melbourne, VIC
"The first step when you are looking for funding is to make sure you have a business plan. Because if you don't, every single funding program will refuse you" - Read my story
$22,700 In Government Funding For Sydney Small Business
$22,700 In Government Funding For Melbourne Small Business
Melbourne, VIC
"Now that I have access to the funding database you provide and I sort of know the process, I will continue to apply for other funding programs, as well as use the money I got to get my business moving forward." - Read my story

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Get everything you need to do to launch your small business in 30 days
Get your personalized Startup Assessment Report now
1. What's your Start-Up Stage?
Time spent on my business:


So far I have:


2. What are your Start-Up Needs?
I need help with:



So far I have:



3. What are your Funding Options?
I am located in...











I need funds for: