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  1. Home
  2. Business
  3. Business finance
  4. Start-Up Finance Package

Start-Up Finance Package

With our new start-up finance package, we make it easier to get your idea off the ground. To help you be competitive and minimise high interest borrowing, we'll award up to 30% of a new business loan as a grant to purchase assets for your business, which you will not have to repay. So you can get a head start on running your business.

We also offer additional support to help you on your journey, from payment flexibility to business planning assistance.

FEATURES
Package amountUp to $100k
Loan repayment optionsInitial interest only period, monthly principal and interest, and balloon payments structured to suit the purpose and cash flow of the business
Loan termMaximum 7 years
FeesNil application and line service fees
Variable interest rateCompetitive rates available
SecurityMinimum security requirements of general security agreement, director's guarantee and specific security agreement over plant and equipment (where applicable)
BENEFITS
Equity contributionIBA contributes capital towards start-up SMEs via the grant component of the package
Reduced gearing levelsGrant component reduces the gearing level for the customer during the start-up phase of the business life cycle
Minimum security requirementsAdditional tangible security is not required, however IBA will take a security interest over plant and equipment purchased with the funds, if deemed suitable
Flexible loan repaymentStructured to suit the purpose and cash flow of the business
CRITERIA
Grant component can only be used to cover capital expenditure items such as; plant & equipment, fit-out costs and commercial assets.
SME start-up trading less than two years.
Less than $400k in actual annual turnover.[1]
Commercially viable business model.
Other standard IBA Policy and Credit criteria apply.

[1] Businesses that have not traded are eligible irrespective of forecasted revenue in the first full year of trading.

The information provided has been prepared as a general guide only, without knowledge of your specific situation and is subject to change without notice. It is not an offer of credit. More information is available at iba.gov.au/disclaimer

View our start-up finance package flyer (PDF)

READ MORE

INVOICE FINANCE

IBA provides invoice finance to assist Indigenous-owned businesses to take advantage of new contract or sales opportunities.

PRODUCER LOAN

A loan to an Indigenous owned production company to finance eligible Australian documentary, film or television projects.

The Aboriginal and Torres Strait Islander flag
IBA acknowledges the Traditional Owners of Country throughout Australia and their continuing connection to land, sea, and community. We pay our respects to them and their cultures, to the Elders past, present, and emerging.
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