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Is government funding a realistic way to start my own business with no money of my own?

  • Answered by Expert
  • Views 8188
  • Asked By Bobbie Flannery
Small Business Questions
Got a question? Ask us!

The Australian government has funding programs in place to help entrepreneurs start their own small business. So, my advice is to give it a look. Some of these programs offer funding under terms that could possibly require you put down no money of your own at first. Loans, however, will likely want to be repaid. However, grants are essentially free because they do not want to be paid back. However, are generally challenging to attain from the government. Regardless, this money is not freely given to just anyone, as applicants should prove they are qualified for the program they are applying to.

Are you ready to move forward with your business? If you need funding, you�ve come to the right place. By becoming a member of AustraliaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.

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.

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Get your personalized Startup Assessment Report now
1. What's your Start-Up Stage?
Time spent on my business:


So far I have:


2. What are your Start-Up Needs?
I need help with:



So far I have:



3. What are your Funding Options?
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Relevant Questions and Answers

Are there federal government grants for business offered in Queensland?

  •   Asked by : David Poore
  •  484 views
  •  Federal Government Business Grants Queensland

There are federal government business grants for the Queensland residents. This is because federal grants are offered to people throughout Australia. There are offers for …Read Full Answer

Are small business grants the only small business funding programs available in the Queensland state?

  •   Asked by : Caleb Hutchings
  •  4938 views
  •  Queensland Grant Funding

The government of Queensland offers a number of grant funding and other financial assistance programs. These alternative funding programs are dominated by loans that, while …Read Full Answer

What are packed government grants?

  •   Asked by : Charlott Forman
  •  8583 views
  •  packed government grants

Searching for information about small business loans on the Internet is going to give you a whole gambit of information that is going to be …Read Full Answer

Is a small business commercial loan better than a small business government loan?

  •   Asked by : Iluminada Terhaar
  •  7392 views
  •  Small Business Commercial Loan

Whether or not a small business commercial loan is better or worse than a small business government loan depends upon the particular situation and circumstances …Read Full Answer

Will the Australian government provide grants for developing the inventions of my business in Queensland?

  •   Asked by : Hassan Dodrill
  •  5743 views
  •  Australia Government Grants For Inventions Queensland

If your company in Queensland has developed any inventions that are waiting to go into production, it is possible you may be eligible for the …Read Full Answer

Similar Topics: Start My Own Business With No Money

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Testimonials

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$17,300 Government Loan To Help Business Startup
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"Funding is available but you have to know where to look, you have to have a business plan and if you have a proven model this is your best tool to use to get you the funding." - Read my story
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$92,300 in Government Funding for Construction Company
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"Well all I can say is if you need funding, look for it. Be active and proactive about it. Don't just sit on the idea that you need it but go and do it." - Read my story
Daycare gets funding
$24,500 Government Funding For Daycare Facility
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"Having knowledge in your industry is what will keep you motivated, and having expert guidance along the way doesn't hurt one bit. We benefited from government funding greatly and it's all thanks to australiastartups.org." - Read my story
junk removal company
$76,750 Government Funding For Junk Removal Company
Brisbane, QLD
"Your business plan is very important to the success of your business. Everyone looks at this! Be sure to have your idea on paper and to show how you will make money." - Read my story
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Interview with a $75,485 Government Grant Recipient
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"Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency." - Read my story
cleaning company monitoring technology
$17,500 Small Business Loan for Sydney Startup
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"If you have a business idea, get a business plan made, don't waste time and start your funding search sooner rather then later." - Read my story
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Albury, NSW Small Business Starts Up With $76,300 Government Grant
Albury, NSW
"Just focus on what you are good at, don't waste your time researching, get help from experts who have already done the work, such as australiaStartups" - Read my story
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Interview with a $138,000 Government Grant Recipient from Coffs Harbour, NSW
Coffs Harbour, NSW
"Have a support team with you and always start with a business plan as it will be the guide for your business. A business plan will take you on the path of success" - Read my story
Perth Retailer Gets Government Loan
$472,930 Low Interest Government Loan For Sydney Retailer
Sydney, NSW
"Banks said no to due to my poor credit and business inexperience, but the government funding program had a different reaction to my well developed business plan" - Read my story
doggy day care
$21,315 Government Provided Loan For Doggy Day Care Business
Albury, NSW
"No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
Home Renovation Company Gets Funded
$83,588 In Government Funding and Training Support For Home Reno Company
Sydney, NSW
"Remember, funding programs have deadlines so be sure to apply on time and follow the requirements as outlined by each funding program. They act as a guide to applying successfully." - Read my story
Perth eCommerce Business Gets $78,932 in Government Funding Support
Sydney eCommerce Business Gets $78,932 in Government Funding Support
Sydney, NSW
"Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story
Sydney Software Developer Gets $12,390 in Private and Government Funding Support
Melbourne Software Developer Gets $12,390 in Private and Government Funding Support
Melbourne, VIC
"The first step when you are looking for funding is to make sure you have a business plan. Because if you don't, every single funding program will refuse you" - Read my story
$22,700 In Government Funding For Sydney Small Business
$22,700 In Government Funding For Melbourne Small Business
Melbourne, VIC
"Now that I have access to the funding database you provide and I sort of know the process, I will continue to apply for other funding programs, as well as use the money I got to get my business moving forward." - Read my story

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Get everything you need to do to launch your small business in 30 days
Get your personalized Startup Assessment Report now
1. What's your Start-Up Stage?
Time spent on my business:


So far I have:


2. What are your Start-Up Needs?
I need help with:



So far I have:



3. What are your Funding Options?
I am located in...











I need funds for: