Closed
Business Growth Loan Scheme TAS
Tender ID: 497757
Tender Details
Organisation:
Tender #:
-
Status:
Closed
Publish Date:
2 July 2022
Closing Date:
14 September 2022
Tender Description
This scheme provides businesses with concessional loans to help them develop and transition to sustainable post-COVID-19 operating models.
What you get?
Loans from $20,000 to $3 million.
Who is this for?
Tasmanian businesses.
Overview
Concessional loan funding is available to support:
- businesses to recover, adapt, grow and develop enhanced business models that support employment retention and business growth
- new projects that contribute towards employment and growth of the Tasmanian economy
What are the eligibility criteria?
To be eligible, the business must:
- hold an active Australian business number (ABN) and be registered for goods and services tax (GST)
- be located in Tasmania and support Tasmanian employment
- generally, have a turnover of less than $10 million across the last 2 financial years, or in the case of a new project, have a projected average turnover of less than $10 million in the first 2 years of operation
- demonstrate a history of profitability pre-COVID-19 and/or have a sustainable pathway to recovery, or for new businesses or projects, be able to demonstrate sound prospects for the new venture
- confirm that statutory payments (e.g GST, PAYG-witholding, PAYG-instalments, payroll tax etc) were up to date pre-COVID-19
How do you apply?
Find out more about eligibility and how to apply at:
https://www.business.tas.gov.au/covid-19_business_support_packages/business_growth_loan_scheme2
Contact information
ask@business.tas.gov.au
1800 440 026
Location
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