Since April 2020 IBA has been offering a Business Relief Package for eligible Indigenous businesses impacted by COVID-19.
Changes have recently been made to our Business Relief Package which expands the offering, including increased working capital assistance of up to $200,000 via either a loan, a grant or a combination of both, expanded eligibility criteria as well as a free Business Impact Assessment.
Businesses who have previously received assistance may be eligible to apply again, under the increased offering.
For existing IBA customers
IBA customers who have a business loan product or equipment finance product through IBA and who have been significantly impacted by the COVID-19 pandemic, may be eligible to apply for the following assistance:
For Indigenous businesses
IBA is offering Indigenous business relief package for eligible Indigenous businesses who have been impacted by COVID-19, including Indigenous business which are not already IBA customers. This relief package has been designed in collaboration with the National Indigenous Australians Agency to respond to the immediate challenges Indigenous businesses are facing. This package includes: