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Who offers better small business loan rates and terms, the banks or Australian government?

  • Answered by Expert
  • Views 6501
  • Asked By Colby Hanning

Small Business Questions
Got a question? Ask us!
In general, the Australian government is able to offer better rates and terms on its small business loan programs than may private lenders. This is because the government is not seeking to use the loan as a source of income, instead focusing on its ability to help small businesses, and thus indirectly the nation’s overall economy. A private lender, on the other hand, is motivated by profit when offering a small business loan. As such, its rates and terms are guided by the want to make money from you.

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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    1. What's your Start-Up Stage?
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    Relevant Questions and Answers

    Are proposal writing services available to help entrepreneurs when applying for free small business government grant funding?

    •   Asked by : Pierre Buth
    •  8362 views
    •  Free Government Grant Proposal Writing

    Resources are available online that may be able to help entrepreneurs find freelance writers who have experience writing proposal presentations or letters for customers who …Read Full Answer

    Are there government small business loans for veterans?

    •   Asked by : Shayne Huckstep
    •  7013 views
    •  government small business loans for veterans

    There may be government small business loans for veterans opportunities under the Australian government grants and loans programs for small business funding. Individuals that are …Read Full Answer

    Which grant is available for women who are starting a business?

    •   Asked by : Loren Vantrease
    •  6204 views
    •  Grant For Women Starting A Business

    Australian government is encouraging women to be involved in any business by giving grants that will help them in starting their own business. In general, …Read Full Answer

    Are federal Australia small business loans available in Western Australia?

    •   Asked by : Jen Rousselle
    •  5749 views
    •  Federal Business Loans Australian Capital Territory

    Small business loans from the federal government are offered in Western Australia, as it is indeed a part of Australia. However, not everyone looking for …Read Full Answer

    Are there government loans for schools to pay for employee training?

    •   Asked by : Tiffiny Boston
    •  3721 views
    •  government loans for schools

    If you have staff that are in need of training to further your small business then there may be a program available to you such …Read Full Answer

    Similar Topics: Business Small Loan Rates And Terms

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


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        I need help with:



        So far I have:



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