The state government Queensland business loan interest rates vary depending on the small business loan program in question. If you want a government loan you should check the details of each program you are considering before making up your mind. Most have low interest rates, some have no interest, and some do not require repayment at all. If you are considering an Queensland government loan, make note of the prerequisite conditions as well, and the terms, repayment schedule, and uses. Most have better terms than bank loans, and have different prerequisite conditions too. So, even if you have been rejected by the bank when seeking funding before, you may have a chance.
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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 has introduced a number of economic stimulus initiatives since the economic crisis began. This includes implementing new government loans for small business …Read Full Answer