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.

Compare business loans

{"userFilters":[{"config":{},"dataSelector":{"recordType":"product","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Provider","order":100},{"config":{"MULTISELECT":true,"VALUES":"$0-10000, $10000-$20000, $20000-$30000, $30000-$40000, $40000-$50000, $50000 and above"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BORROW_AMOUNT"},"dataType":"TEXT","label":"How much do you need to borrow?","order":null},{"config":{"MULTISELECT":true,"VALUES":"Haven\u2019t started yet, 0-6 months, 6-12 months, 1 to 2 years, 2 to 3 years, 3 years+"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BUSINESS_AGE"},"dataType":"TEXT","label":"How old is your business?","order":null},{"config":{"MULTISELECT":true,"VALUES":"$0, $1 - $50000, $50000 - $100000, $100000 - $200000, $200000 - $300000, $300000+"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.BUSINESS_REVENUE"},"dataType":"TEXT","label":"How much does your business make per year?","order":null},{"config":{"MULTISELECT":true,"VALUES":"Secured, Unsecured"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.LOAN_SECURITY"},"dataType":"TEXT","label":"Loan Security","order":null},{"config":{"MULTISELECT":true,"VALUES":"1 month to 12 months, 1 to 2 years, 2 to 3 years, 3 to 4 years, 5 years and above"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.LOAN_TERM"},"dataType":"TEXT","label":"Loan Term","order":null},{"config":{"VALUES":"0"},"dataSelector":{"recordType":"UI_FILTER_COMPONENT","fieldCode":"FULL_MARKET"},"dataType":"FULL_MARKET","label":"More products"}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":",","filterBoundsMap":{"product.GENERAL.PROVIDER_ID":null,"product.TABLE_FILTER.BORROW_AMOUNT":null,"product.TABLE_FILTER.BUSINESS_AGE":null,"product.TABLE_FILTER.BUSINESS_REVENUE":null,"product.TABLE_FILTER.LOAN_SECURITY":null,"product.TABLE_FILTER.LOAN_TERM":null}},"prefilled":false,"experimental":false}

15 of 199 results

Updated regularlyShare

Finder Score	Min. Loan Amount	Max. Loan Amount	Loan Term	Upfront Fee	Filter Values
Promoted Finder Score 8.2 Great ScotPac Boost Business Loan	Finder Score 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 siteMore info Compare product selection Compare	loading
Promoted Finder Score 9.5 Excellent Valiant Finance Business Loan Broker	Finder Score 9.5 Excellent	$5,000	$20,000,000	3 months to 7 years	$0 application fee		A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.	Enquire nowMore info Compare product selection Compare	loading
Finder Score Scotpac Line of Credit	Finder Score	$40,000	$500,000	From 3 months			Go to siteMore info Compare product selection Compare	loading
Finder Score 7.9 Great Prospa Small Business Loan	Finder Score 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 siteMore info Compare product selection Compare	loading
Finder Score 7.9 Great ScotPac Invoice Finance	Finder Score 7.9 Great	$200,000	$150,000,000	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 siteMore info Compare product selection Compare	loading
Finder Score 8.5 Great Prospa Secured Business Loan	Finder Score 8.5 Great	$150,000	$500,000	3 months to 3 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 siteMore info Compare product selection Compare	loading
Finder Score 8.4 Great Prospa Unsecured Business Loan	Finder Score 8.4 Great	$5,000	$150,000	3 months to 2 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 siteMore info Compare product selection Compare	loading
Finder Score 8.2 Great NAB Business Recovery Loan	Finder Score 8.2 Great	$20,000	$5,000,000	Up to 10 years	No approval or administrative fees		An Australian government backed loan with competitive rates to assist businesses after lockdowns. Borrow up to $5,000,000. Variable rates from 4.5% p.a. up to 3.95% p.a.	ContinueMore info Compare product selection Compare	loading
Finder Score 8.8 Great NAB Vehicle & Equipment Finance Offer	Finder Score 8.8 Great	$10,000	$150,000	1 to 5 years	$500 initial set up fee		Benefit from a low fixed rate and no upfront deposit to purchase vehicles and equipment for your business.	ContinueMore info Compare product selection Compare	loading
Finder Score 9.9 Excellent NAB QuickBiz Loan Offer	Finder Score 9.9 Excellent	$5,000	$250,000	1 to 3 years	$0 application fee		Existing customers can apply up to $250,000 and new customers can apply up to $100,000. Get a response within 60 seconds. No upfront or ongoing fees and a transparent fixed rate.	ContinueMore info Compare product selection Compare	loading
Finder Score 7.7 Great Cash.com.au Commercial Finance	Finder Score 7.7 Great	$5,000	$500,000	3 months to 6 years	$0 application fee		You’ll receive a rate from 5.89% p.a. based on your circumstances. Both secured and unsecured business loans are available from $5,000 - $500,000, on terms of up to 5 years.	ContinueMore info Compare product selection Compare	loading
Finder Score 7.7 Great Accrutus Unsecured Business Loan	Finder Score 7.7 Great	$10,000	$1,000,000	3 months to 3 years	Available upon application		Borrow from as low as $10,000 and as much as $1,000,000 to fund your working capital needs with no security required. Interest rates start from 7% p.a.	ContinueMore info Compare product selection Compare	loading
Finder Score 7.4 Great Become Business Loan	Finder Score 7.4 Great	$5,000	$1,000,000	1 to 5 years			ContinueMore info Compare product selection Compare	loading
Finder Score 7.3 Great Funding Pro Invoice Finance	Finder Score 7.3 Great		No maximum amount	1 to 3 months			ContinueMore info Compare product selection Compare	loading
Finder Score 7.3 Great Funding Pro Invoice Discounting	Finder Score 7.3 Great		No maximum amount	1 to 3 months			ContinueMore info Compare product selection Compare	loading

loading

Load More

Showing 15 of 57 results

Compare other products

We currently don't have that product, but here are others to consider:

How we picked these

Finder Score for business loans

We assess over 150 business loan products for their rates, fees and important features, assigning them a score out of 10.

Read the full methodology

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

Rebecca's expertise

Rebecca has written 267 Finder guides across topics including:

• Home loans
• Personal Loans
• Car Loans
• Cost of living
• Budgeting