Clarence Valley Independent

New zero-interest loans for small businesses in the Clarence and Richmond Valleys

Clarence and Richmond Valley small businesses should take advantage of new NSW Government interest-free loans to help them grow and create jobs, according to Clarence Nationals MP Chris Gulaptis.

“Coming from a small business background, I know how tough it can be so it is good to see regional businesses getting a helping hand from the Liberals and Nationals State Government, with access to interest free loans of between $200,000 and $500,000 for up to four years,” Mr Gulaptis said.

The new loans are part of a range of financial services provided by the Jobs for NSW $190 million fund.

Jobs for NSW has allocated 30 per cent of the $190 million to regional NSW, and the loans will help to deal with the barriers country businesses face in accessing affordable finance.

The three loan products include:

 

l Regional Growth Loans to target job creation in regional NSW in fast-growth SMEs that can demonstrate revenue over $500,000 and future growth demonstrated via secured contracts, and will take the form of $200,000-$500,000 interest free loans.

 

l Strategic Growth Loans to target job creation in fast-growth SMEs across NSW that can demonstrate revenue over $1 million and future growth demonstrated via secure contracts. Loans will be between $500,000 and up to $1.2 million over four years at 9.2% interest.

 

For further information on Jobs for NSW support or to apply for a loan, please visit www.jobsfornsw.com.au.

Share this post

PinIt

Now you’re here …

… the Independent would like to ask for your support. The community is reading our paper more than ever and embracing the content we produce, but advertising revenues across the media as a whole, are falling. Unlike other news organizations we do not charge for our publication – so, to keep our community connected and deliver the local news to your door we would like to ask for your help..... to keep the Independent bringing you all the local community news takes a lot of time, hard work and people power, But we do it because we believe our presence matters – who else tells it how it is, where it is, and what it is.

If you like our journalism, if you like the community news, if you like our sports coverage we would love it if you could help fund it, our future may depend on it. For as little as $5, you can support the Independent – Thank you.


ADVERTISEMENT

FOLLOW ON FACEBOOK

Facebook By Weblizar Powered By Weblizar

instagram