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Are business bank loans small Australian business owners can seek out worth it?

  • Answered by Expert
  • Views 3582
  • Asked By Toshiko Schriver

Small Business Questions
Got a question? Ask us!
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.

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?
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    Relevant Questions and Answers

    Is my Bank the best place to obtain info on getting small business grants?

    •   Asked by : Bo Ingersoll
    •  1148 views
    •  info on getting small business grants

    You may want to try your bank to get info on getting small business grants. However there are only some lending institutions that are qualified …Read Full Answer

    Can I get business equipment finance the Australian government funding sources offer?

    •   Asked by : Dee Goldsby
    •  4834 views
    •  Business Equipment Finance Australia

    You might be able to get business equipment finance the small business owners in Australia want from government funding sources, but it depends on what …Read Full Answer

    s the money government grant money available for small established businesses as well?

    •   Asked by : Enola Loera
    •  3028 views
    •  money government grant money

    The money government grant money available for small established businesses is available through the Australian government grants and loans program provided one can qualify. The …Read Full Answer

    Is there a business grant Australian Capital Territory, Queensland, and other states offer?

    •   Asked by : Olimpia Prenatt
    •  7639 views
    •  Business Grant Victoria and Queensland

    There may be a business grant Australian Capital Territory, Queensland, and other states offer to qualified small business owners who apply. There are also local …Read Full Answer

    Is the mobile government grant available for individuals starting mobile businesses?

    •   Asked by : Ardath Gianni
    •  2862 views
    •  mobile government grant

    Many times individuals don’t realize that there may be a mobile government grant program available for small businesses or those going into this type of …Read Full Answer

    Similar Topics: Business Bank Loans Australia

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        Testimonials

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        "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
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        "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
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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: