Open NowBusiness
ACT Microcredit Loan Program
Australian Government · Australia
The ACT Microcredit Loan Program provides interest free or low interest loans to low income earners to help them start or expand a business in the Australian Capital Territory. It also offers mentoring, peer support and networking opportunities.
Funding
$3K – $10K
Deadline
Rolling / Ongoing
Location
Australian Capital Territory
Who Can Apply
• Must be an ACT resident for at least 6 months
• Must hold a Health Care Card for at least 6 months, a Pension Card, or equivalent
• No interest loan applicants must have combined family income of no more than $65000
• Low interest loan applicants must have combined family income of no more than $75000
• No interest loan applicants must be setting up a business based in the ACT
• Low interest loan applicants must have an existing or semi established business based in the ACT
• Program is for low income earners
For no interest loans, applicants must have held a Health Care Card for at least 6 months, a Pension Card or equivalent, have a combined family income no higher than $65,000, have been an ACT resident for at least 6 months, and be setting up a business based in the ACT. For low interest loans, applicants must have held a Health Care Card for at least 6 months, a Pension Card or equivalent, have a combined family income no higher than $75,000, have been an ACT resident for at least 6 months, and have an existing or semi established business based in the ACT.
What's Funded
Starting a new business or expanding an existing business based in the Australian Capital Territory.Expected Outcomes
Recipients establish or grow a business in the Australian Capital Territory, supported by loan finance and business mentoring services.Key Information
Applicant Types
individual
Stage
early_stagegrowth
Funding Purposes
othercommercialisation
Keywords
microcreditloanlow income earnersACTsmall businessbusiness start-upbusiness expansionmentoring
Frequently Asked Questions
1
What is the ACT Microcredit Loan Program?
The ACT Microcredit Loan Program is a business grant offered by Australian Government in Australia, providing $3K – $10K in funding. The ACT Microcredit Loan Program provides interest free or low interest loans to low income earners to help them start or expand a business in the Australian Capital Territory. It also offers mentoring, peer support and networking opportunities.
2
How much funding does the ACT Microcredit Loan Program provide?
The ACT Microcredit Loan Program provides $3K – $10K in funding.
3
Who is eligible for the ACT Microcredit Loan Program?
- Must be an ACT resident for at least 6 months
- Must hold a Health Care Card for at least 6 months, a Pension Card, or equivalent
- No interest loan applicants must have combined family income of no more than $65000
- Low interest loan applicants must have combined family income of no more than $75000
- No interest loan applicants must be setting up a business based in the ACT
- Low interest loan applicants must have an existing or semi established business based in the ACT
- Program is for low income earners
4
What activities are funded?
Starting a new business or expanding an existing business based in the Australian Capital Territory.
5
How do I apply for the ACT Microcredit Loan Program?
Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.
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