Start-Up Finance Package

About this grant

The Start-up Finance Package provides Aboriginal and Torres Strait Islander start-ups with access to loans to help new businesses get off the ground.

Eligibility requirements

All of the following criteria must be met:

• Aboriginal and torres strait islander individuals and businesses.
• Be at least 18 and of aboriginal and/or torres strait islander descent
• Own at least 50% of the business, or have at least 50% of the business owned by people of indigenous descent
• Have less than $400,000 in actual annual turnover
• Have been trading for less than 2 years
• Have a commercially viable business model.
• Tax deductions for primary producers
• Bonds for aboriginal and torres strait islander businesses

What the funding covers

• Finance package of up to $150K.

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/business-development-and-assistance-program for application details

Application tips