Business Growth Loan Scheme
Overview
A $60 million loan scheme providing financial assistance to Tasmanian businesses to develop, expand, or undertake new projects that promote economic growth. The scheme offers concessional interest rates for the first three years, with loans ranging from $100,000 to $5 million over a term of up to 5 years.
Eligibility Requirements
Businesses must hold an active ABN and be GST-registered, be located in Tasmania, demonstrate ability to service the loan, and clearly show the project aligns with Tasmanian Government policy objectives and cannot be funded through normal commercial banking channels. Loan security must include freehold security up to 80% LVR.
Who Can Apply
Relevant Industries
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application page