No Interest Micro Business Loan TAS

About this grant

The No Interest Micro Business Loan provides low income earners with interest-free loans to support their new or growing business.

Eligibility requirements

All of the following criteria must be met:

• Provide an interest-free loan to successful applicants
• Help you to turn a business idea into a practical proposal
• Provide information on basic compliance and other requirements for establishing a business
• Help you grow your business
• Small interest-free loans of up to $3,000 to people on low incomes. applicants may also receive local business development advice and support.
• Have a current healthcare card, pension card, dva card, or low income healthcare card or have a gross income of $60,000 or less
• Have completed a business plan
• Live in stable accommodation (exceptions can be made in some cases)
• Have capacity to repay the loan.
• Funding for qld small business employers to help them retain employees
• Supporting nsw businesses to build their net zero workforce
• Export support measures for nsw small to medium enterprises in certain industry sectors

What the funding covers

• Interest-free loans of up to $3K.

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/no-interest-micro-business-loan-tas for application details

Application tips