Business grants

What grants and schemes are there for businesses?

Businesses can often benefit from schemes like financial grants, loans and non-financial support like consultancy and mentoring.

These might be provided by federal or state governments, community organisations, or financial institutions.

These incentives are often for particular industries or for particular reasons, such as to make energy efficient upgrades.

Businesses can also find additional support in the aftermath of natural disasters or other unprecedented circumstances like in the COVID-19 pandemic.

Am I eligible for a grant or scheme?

There are hundreds of possible grants, schemes and programs so it's important to check within your own state or territory to see if you're eligible for anything.

There are different schemes depending on whether you're a startup or a well-established business. There are also grants and other programs specifically for Aboriginal owned and operated businesses.

What support is there in my state?

Each state will allocate funds as part of their annual budgets to go towards supporting businesses through grants and programs.

You should check your state or territory website for up-to-date opportunities.

• New South Wales
• Victoria
• Queensland
• South Australia
• Western Australia
• Tasmania
• Northern Territory
• ACT

If you're an Aboriginal or Torres Strait Islander hoping to set up a new business or you already run a business, you may be able to find support through Indigenous Business Australia. This includes low cost finance to help with working capital, equipment finance or invoice finance.

How can I apply for a grant or scheme?

You can usually apply for a grant or other scheme online.

1. Search for any grants or schemes you're eligible for. You can do this through your state government website or you can search on business.gov.au. Your business bank may also support you with grant options.
2. Check eligibility. Make sure you and your business are eligible for the funding or program you're interested in. Be sure of the closing date of applications as well.
3. Gather documents. You may need to provide business documents as well as proof of eligibility of the scheme.
4. Apply online. Submit an application through the website and upload any necessary documents.

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Promoted 8.2 Great ScotPac Boost Business Loan	8.2 Great	$10,000	$500,000	6 months to 3 years	$0 application fee		A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.	Go to siteView details Compare product selection Compare	loading
9.5 Excellent Valiant Finance Business Terms Loans Exclusive	9.5 Excellent	$5,000	$500,000	3 months to 3 years	Variable, starting from $0		Finder exclusive: Enquire via Finder and settle a business loan of $50,000+ by 30 Jun 2026 to receive a $250 Mastercard Gift Card. T&Cs apply.	Enquire nowView details Compare product selection Compare	loading
Scotpac Line of Credit			$500,000	Up to 2 years	Establishment fee of 3% of the facility limit		Go to siteView details Compare product selection Compare	loading
9.5 Excellent Valiant Finance Line of Credit Loans Exclusive	9.5 Excellent	$10,000	$1,000,000	1 to 5 years	$0 application fee		Finder exclusive: Enquire via Finder and settle a business loan of $50,000+ by 30 Jun 2026 to receive a $250 Mastercard Gift Card. T&Cs apply.	Enquire nowView details Compare product selection Compare	loading
8.4 Great Prospa Unsecured Business Loan	8.4 Great	$5,000	$150,000	3 months to 5 years	3% origination fee		An unsecured business loan available up to $150,000 that can be funded in 1 business day. You must provide 6 months of trading history, 3 months history of existing business purchases and have a turnover of $6,000+ per month.	Go to siteView details Compare product selection Compare	loading
9.5 Excellent Valiant Finance Vehicle and Equipment Finance Loans Exclusive	9.5 Excellent	$10,000	$500,000	1 to 7 years	starting from $399 and can be paid upfront or included in the loan amount		Finder exclusive: Enquire via Finder and settle a business loan of $50,000+ by 30 Jun 2026 to receive a $250 Mastercard Gift Card. T&Cs apply.	Enquire nowView details Compare product selection Compare	loading
7.9 Great Prospa Small Business Loan	7.9 Great	$5,000	$500,000	3 months to 3 years	3.5% origination fee		Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.	Go to siteView details Compare product selection Compare	loading
7.9 Great ScotPac Invoice Finance	7.9 Great	$200,000	$200,000,000	1 to 2 years	Establishment fee 1% of the limit		Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $200,000 in invoices.	Go to siteView details Compare product selection Compare	loading
8.5 Great Prospa Secured Business Loan	8.5 Great	$150,000	$500,000	3 months to 5 years	3% origination fee		A secured business loan available up to $500,000 that can be funded in 1 business day. Your business must have a turnover of at least $6,000 per month and you must provide 6 months of trading history and 3 months history for existing business purchases.	Go to siteView details Compare product selection Compare	loading
5.5 Standard ebroker Business Loan	5.5 Standard	$5,000	$5,000,000	1 month to 30 years	$0 application fee		Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.	Enquire nowView details Compare product selection Compare	loading

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Frequently asked questions about business grants and schemes

• Can I get a grant as a sole trader?

  Yes, you may still be eligible for a grant or other funding as a sole trader. When looking at options you should check eligibility and who the funding is suitable for.

• Can I apply for multiple grants?

  You may be able to apply for and receive multiple grants and types of funding. You should check the terms and conditions, particularly if you're applying for grants from the same organisation.

• Do I need to repay a business grant?

  No, a business grant does not need to be repaid. You should check carefully when you apply whether you're seeking a grant or a loan. A loan would need to be repaid.

  You should also make sure you check whether the grant needs to be used for a particular purpose.

Written by

Rebecca Pike

Editor, Money

Rebecca Pike is Finder’s money editor, with over 7 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise and 7News, Today and 9News, as well as Sky News, Channel 10 and across radio and print. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

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