Accelerating Growth Loans NSW

At a glance

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Provides NSW emerging fast-growth small to medium enterprises with loans ranging from $200,000 to $500,000 when traditional lenders are unable to assist.

Who can apply:

At a minimum, you must:

  • have a registered Australian Business Number (ABN) and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 10 additional FTE jobs within two years in metropolitan NSW (Sydney, Newcastle and Wollongong).

Other eligibility requirements may apply.

Deadline to apply:

Applications may be made at any time.

Contact information:

1300 562 679

enquiries@jobsfornsw.com.au

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Overview

Accelerating Growth Loans (AGL) helps emerging and fast-growth SMEs to drive jobs and business growth in metropolitan NSW.

Direct loans of between $200,000 and $500,000 are available to growing SMEs to encourage job creation in metropolitan NSW.

Eligibility criteria

To be eligible, you must:

  • have a registered ABN and be an incorporated company
  • have a minimum of five employees (full-time, part-time or casual)
  • be creating a minimum of 10 additional FTE jobs within two years in metro NSW (Sydney, Newcastle or Wollongong)
  • be able to demonstrate likely revenue of at least $500,000 within 12 months
  • have been trading for a minimum of one year
  • demonstrate your business’s expected future growth for at least one year, through showing secured pipeline or contracts
  • demonstrate that you have been unable to obtain commercial finance.

How to apply

Find out more about how to apply at Accelerating Growth Loans.

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