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COVID-19 Support for Indigenous Businesses Grant Closes: Ongoing Value: Up to $20,000 and support Run By: Indigenous Business Australia Further Information: https://iba.gov.au/support-during-covid-19/

Indigenous Business Australia is offering an Indigenous business relief package for eligible Indigenous businesses who have been impacted by COVID-19, including Indigenous businesses 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.

For businesses that are existing International Business Australia customers and are significantly impacted by COVID-19, they are offering deferral of business loan and lease repayments for a 4-month period, zero interest on business loans and leases for the 4-month deferral period and where necessary, extension of your loan term by 4 months (to accommodate the deferral period).

For all eligible indigenous businesses, including those not already existing customers, they are offering two programs:

Business Impact Assessment

Access to specialist advice to navigate the COVID-19 crisis, including a rapid assessment of your business positioning, cash flow management and assistance to access available stimulus measures from Federal, State/Territories.

Working capital assistance

Working capital assistance of up to $200,000 in the form of either a loan, a grant or a combination of both (assessed on a needs basis), which may consist of one or both of the following:

  • A capped grant component to assist with ongoing fixed costs, purchase of equipment and generating revenue.
  • A loan to assist with working capital needs, with a term of up to 5 years, with no repayments for the first 12 months, and preferential interest rates.

They have also partnered with Terri Janke & Co and 33 Creative to produce a 4-part video series on managing your business during the COVID-19 pandemic.  Topics include employer obligations, financial responsibilities, managing contracts and insolvency trading. Their COVID-19 Information Videos are available on Youtube.

Last Updated: 27th of August 2021
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Indigenous Business Australia Grant Closes: Ongoing Value: Financial support and advice Run By: Indigenous Business Australia Further Information: http://www.iba.gov.au/business/

IBA assists Aboriginal and Torres Strait Islander peoples to access the skills, knowledge and resources required to start and grow viable and sustainable businesses.

After hearing about your individual circumstances and identifying what stage of the business life cycle you are at, IBA can provide an assessment of the resources and assistance that will help you to achieve your business goals. They may also work with you to develop an action plan that will assist and better equip you to make informed decisions about your business future. Our locally based staff can work closely with you to support and guide you through your business journey in meeting the challenges of developing a successful business.

Last Updated: 15th of October 2020
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Phone02 6771 0700
Emailrdani@rdani.org.au
Opening Hours 9.00am to 5.00pm Monday to Friday
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Address 143 Marsh Street
Armidale NSW 2350
Postal Address PO Box 72
Armidale NSW 2350
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