Invoice Finance

About this grant

Invoice Finance provides Aboriginal and Torres Strait Islander owned businesses with cash flow support to grow their business.

Eligibility requirements

All of the following criteria must be met:

• Aboriginal and torres strait islander owned businesses.
• Indigenous business australia (iba) provides invoice finance to assist indigenous-owned businesses to take advantage of new contract or sales opportunities that may otherwise be out of reach.
• Invoice finance provides businesses with revolving cash flow based on the value of credit sales or major contracts. aligned to the business’s cash flow cycle, contract or sales activity, invoice finance provides the necessary working capital to enable the business to finance the usual costs of delivery, such as wages, inventory, raw materials and transport costs. this provides certainty to the buyer and strengthens the competitiveness of the business.
• Invoice finance is best suited to established businesses:
• With at least 50% indigenous ownership
• With a track record of sound performance, minimum 2 years profitable trading
• With minimum sales of $500,000 per annum
• That experience seasonal sales
• That are smaller or under capitalised
• That operate in markets where debtor terms exceed supplier terms
• Whose owners lack the security to access bank finance.
• Low-interest loans for disaster affected primary producers
• Free, independent legal advice for workplace issues
• Support for people from diverse cultural backgrounds to start or grow a business

What the funding covers

• Invoice finance.

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/invoice-finance for application details

Application tips