Business bank loans Australian banks may offer to small business owners may not be the best choice to use for a small business. Most bank loans are not as favourable to the recipient as are government loans for business because of the latter’s generally superior interest rates and other considerations. The government loan programs also have their own eligibility requirements that tend to be more forgiving and accommodating than those required by most commercial lending sources.
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.