Are low interest rate business loans a more common option than grants?

Although the Australian government small business grants are usually the first choice for small businesses because it is the next best thing to free money that does not need to be repaid, they suffer from comparative rarity and more strict purposes and prerequisites. Low interest rate business loans provided by government funding sources, on the other hand, are generally far more accessible and broader in terms of what the funds may be applied to than is the case with grants.

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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.