The interest rates of business loan programs offered by the Australian government change depending on the program and, potentially, the applicant’s specific circumstances. If you want a government loan you should check the details of each program you are considering before making up your mind. Most have low interest rates, some have no interest, and some do not require repayment at all. If you are considering a loan, make note of the qualifications as well, and the terms, repayment schedule, and uses. Most have better terms than bank loans, and have different qualifications too. So, even if you have been rejected by the bank when seeking funding before, you may have a chance.
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.