The main types of business loans that there are in Australia are loans for new business, for existing business, and for people looking to buy businesses. If you are seeking funding, keep in mind that all loans have their own intended uses and eligibility requirements. So, make note of these when choosing a program that will fit your business best. Also compare the interest rates, terms and repayment schedules.
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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.
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