What is the Small Business Export Loan?
The Export Finance Australia’s Small Business Export Loan provides small to medium export businesses with loans ranging from between $20,000 - $350,000
- to cover up to 80% of the costs to secure an export contract or purchase order with an overseas buyer,
- funding for export market development,
- equipment finance and
- general working capital
The loan is an unsecured, government-backed loan solution with an easy online application and fast approvals for businesses with a turnover of more than $250K.
The loans are designed to meet the specific needs of small and medium sized enterprises (SMEs), to help them take advantage of export opportunities when financial institutions can’t help.
Are you eligible?
To be eligible for a loan, your business must have:
- an Australian Company Number (ACN)
- an annual revenue of $250,000 – $10 million per year
- been established for at least two years.
- struggling to get a loan for your business, and do not want to put your house on the line... this is an option to consider!!
Objective
Export Finance Australia financially supports Australian exports of goods and services that provide a benefit to Australia - benefits can include (but are not limited to):
- greater Australian participation in international supply chains
- access to new markets or export opportunities for Australian businesses
- more Australian jobs
- payment of dividends or other financial proceeds from overseas to Australia
- new research and development expenditure in Australia
- Australian access to new products, intellectual property or technology
Timing
Applications open on an ongoing basis.
More Information
contact Ivan Kaye at www.bsifinance.com.au or https://bsiinnovation.com.au/
Source for more information
https://www.exportfinance.gov.au/how-we-can-help/our-solutions/small-business-export-loan/
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