Some Australian government small business loans are still made available to eligible applicants with bad credit, although bad credit may limit an applicant’s loans options. These may include to guaranteed loans, for example. One of the biggest detriments to successful application for small business loans is improper or insufficient preparation. Lack of proper due diligence often leads to applying for the Australian government loans the applicant is not actually eligible for, due to reasons like bad credit or otherwise, or is unlikely to be approved for.
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.