Funder: Federal – Indigenous Business Australia
Grant Background: Indigenous Business Australia (IBA) is offering Indigenous business relief packages for eligible Indigenous businesses who have been impacted by COVID-19, including Indigenous business 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.
This package includes:
- 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 (assessed on a needs basis), which may consist of:
- A loan to assist with working capital needs, with a term of up to 5 years, no repayments for the first 12 months, and preferential interest rates;
- A loan coupled with a capped grant component to assist with ongoing fixed costs, purchase of equipment and generating revenue.