Depending on your situation, it may or may not be a wise thing to try to get a business loan from the bank. Government small business loans are usually offered at better interest rates, and some are completely interest free. Some government small business loans do not even need to be repaid. Also, the eligibility conditions for government loan options are different than bank ones. So, even people who have been rejected by the bank when trying to get loans within the past may be able to receive funds.
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.
There are business loan/small business funding opportunities through the Australian government grants and loans programs for small business funding. Individuals that are interested in a …Read Full Answer