Regional Growth Loans NSW
Interest free loans for fast-growing regional businesses
Last Updated: 11 May 2020
Regional Growth Loans NSW
Regional Growth Loans provide emerging, fast-growth small to medium enterprises in regional NSW with interest free loans when traditional lenders can't help.
What do you get?
Interest free loans of between $200,000 and $500,000.
Who is this for?
NSW regional small to medium enterprises.
Overview
Regional Growth Loans (RGL) are direct, interest-free loans available to emerging and fast-growth SMEs in order to drive jobs and business growth in regional NSW.
What are the 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 outside of metropolitan NSW (Sydney, Newcastle or Wollongong)
- be able to demonstrate likely revenue of at least $500,000 within 12 months
- have been trading for at least 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 do you apply?
Find out more about eligibility and how to apply at Regional Growth Loans.