The best advice for funding a small startup business in Australia may be to not limit oneself to traditional funding options, such as commercial lending. The bank loans and private investors are not the only source of funding for startup costs. Government loans and grants are available stately and may be a solution you can use. There are different types for different business needs, such as some for renovations, machinery purchase, advertising, and more.
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.
Some Australian small business government programs provide government funding for starting a business, increasingly fewer are tasked specifically for this demographic of entrepreneurs. Instead, the …Read Full Answer