Indigenous Business Australia IBA Business Loans
Indigenous businesses can access get business loans between $10,000 and $5m under the IBA Business Loans.
Eligibility for the IBA Business Loans generally
In order to access funding form the IBA, your business must:
- have at least 50% Indigenous ownership or membership; or
- is an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006; and
- carries on a business for profit; and
- has no more than 200 employees; and
- the Indigenous owner(s) of the Business are actively involved in the Business; and
- commercially viable business model
Key Terms of the IBA Business Loans
Loans are available with flexible repayment options (initial interest only period, monthly principal and interest, and balloon payments).
Maximum loan term is 20 years with minimum security requirements of general security agreement, director’s guarantee and specific security agreement over plant and equipment (where applicable).
Other IBA assistance
As well as a number of different funding options, IBA also offers eligible businesses access to a range of free workshops and other business support. This includes Start-up loans and Invoice Funding.
Learn More
To learn more about the IBA Business Loans click here
Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.
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