ACT Microcredit Loan Program

At a glance

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Provides low income earners looking to start or expand an existing business with interest free loans of up to $3,000 or low interest loans up to $10,000 to purchase materials or equipment grow the business. Successful applicants can also access services including business skills growth, one-on-one mentoring, peer support and networking events.

Who can apply:

At a minimum, you must:

  • have had a Health Care Card, Pension Card or equivalent for at least six months
  • have a combined family income no higher than $75,000
  • have been an ACT resident for a minimum of six months
  • have an existing or semi established business based in the ACT.

Other eligibility requirements may apply.

Deadline to apply:

Applications may be made at anytime.

Contact information:

1300 365 514

enquiries@lighthouseinnovation.com.au

Apply

Overview

The ACT Microcredit Loan Program provides a limited number of low interest and fee-free loans from Westpac for suitable low-income earners who wish to start or expand an existing business. The program provides loan receivers with business skills growth, one on one mentoring, peer support and access to networking events.

Interest free loans up to the value of $3,000, and low-interest loans valued between $3,001 and $10,000, are available.

Eligibility criteria

No Interest loans

To be eligible for a no interest loan, you must:

  • have had a Health Care Card (for a period of at least six months), Pension Card or equivalent
  • have a combined family income no higher than $65,000 (including de facto relationship)
  • have been an ACT resident for minimum of six months (proof of residency required)
  • be setting up a business based in the ACT
  • be unable to get finance for your business or business idea from typical financial services.

Low Interest loans

To be eligible for a low interest loan, you must:

  • have had a Health Care Card (for a period of at least 6 months), Pension Card or equivalent
  • have a combined family income no higher than $75,000 (including de facto relationship)
  • have been an ACT resident for a minimum of six months (proof of residency required)
  • have an existing or semi established business based in the ACT
  • be unable to get finance for your business or business idea from typical financial services.

How to apply

Find out more about how to apply at ACT Microcredit Program.

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