There are differences between the Australian government small business loan, grants, financing programs of other sorts because of how they are used and what they are intended to do. Although grants for business may be limited within their overall utility, they do have the attractive feature of not having to be paid back, as long as you did not misappropriate the funds that were allocated to you. A small business loan tends to allow more discretion in how the government money is spent, but requires repayment of the funds they provide, quite often with additional interest attached.
How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With hundreds of funding programs and $1,449,415,290 in available funding, you should not wait. Register as 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.