The program provides a limited number of no interest, fee-free loans for eligible applicants who wish to start or expand an existing business.
Eligibility to time limited, no interest, fee-free loans (up to $3,000) are now available to Bega based entrepreneurs. Can be any of the following:-
- Hold a Pensioner Concession Card and/or a Health Card (for a minimum of 6 months) or their equivalent;
- Do not qualify for the above but are unable to apply for a bank business loan because of illness, unemployment, financial stress or other reasonable cause;
- Receive a Centrelink payment;
- Are in a household whose total income is less than $65,000 per annum.
Loans are available on a competitive basis.