Whether you require capital to start, acquire or grow your viable business, if it is 50 per cent or more Indigenous-owned, IBA has a suite of finance products that can assist to make your business ideas become a reality.
When you finance your business with IBA, you also get access to ongoing business support to better assist your business to succeed now and in the future.
Business loans
Finance that is structured to suit the needs of the business is available to customers in the start up, growth, maturity and repositioning phases of the business life cycle. It can be provided for working capital, purchase of existing businesses, plant and equipment and other commercial assets.
Features include:
IBA’s Start-Up Finance Package will help a new business get off the ground with up to 30% of a new business loan awarded as a grant. The loan amount can be up to $150,000 with a maximum loan term of seven years, with low interest rates and flexible terms. Loan repayments will be structured to suit the purpose and cash flow of the business. The grant component is available to cover capital expenditure items. This package is targeted specifically at SME start-ups trading for less than two years.
Great film and television do more than entertain, they drive our culture forward. But making them is no small feat. That’s why we’ve introduced our Producer Offset Loan. It’s a loan to an Indigenous owned production company to finance eligible Australian documentary, film or television projects. Provided to complement investment from Screen Australia, any state government film-funding agency or broadcaster. If you’re an Indigenous producer or director, now your projects and stories can get the support they need.
Now it’s easier than ever to start, grow or restructure an Indigenous small business in Australia. With our Business Loan Package, we’ll assist you with working capital requirements, purchase of existing businesses, plant and equipment, and other commercial assets. So you can start planning your business future right now.
Invoice financing
Invoice finance can assist incorporated Indigenous-owned businesses selling goods and services on credit terms to other businesses or government, to take advantage of new contract or sales opportunities that may otherwise be out of reach. We can provide working capital for up to 80 per cent of the value of your invoices, to enable your business to finance the usual costs of delivery, such as wages, inventory, raw materials and transport costs.
Performance bonds
A performance bond is issued to one party of a contract (the beneficiary) as security against the failure of the other party to meet obligations specified in the contract. Banks often require a 100 per cent cash deposit as security for the bond, which ties up considerable amounts of working capital. You might not have the level of security that your bank requires to provide a bond facility for your contracts.
The types of bonds that IBA can provide include:
Interest rates
Read about our interest rates for business loans.
If you are considering applying for finance contact us to discuss your business objectives with one of our staff.
