Compared to those offered by banks, Australian govt small business loans are usually offered with more favourable repayment schedules, at lower interest rates, and so on. Such Australian govt small business loans can be used to do just about anything those from a bank may be used for, although some may be limited by a purpose that helps define who is eligible for them. So, also keep that in mind while looking around for Australian govt small business loans that suit your goals.
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Because of their thorough approval process, the Australian government departments and agencies charged with overseeing small business loan programs rarely grant approval and bestow loan …Read Full Answer