The Australian government small business loans and grants for ethnic minority applicants are offered from time to time. However, if there are no programs specifically for minorities in the area, it may be helpful to expand your search to include the national and state ranked programs, where there may be more choices. Each program has its own intended uses and eligibility qualifications that should be made use of. However, in the case of loans, also note the interest rates, repayment schedules and terms.
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.
The Australian government, through the many departments and agencies, do offer government loans and grants to eligible small business ventures within Australia. The qualifying conditions …Read Full Answer