The No Interest Micro-Business Loan program provides small, interest-free loans of up to $3,000 to people on low incomes. The program is delivered in Tasmania by the No Interest Loans Scheme (NILS).

The program can:

• provide an interest-free loan to successful applicants
• help you to turn a business idea into a practical proposal
• provide information on basic compliance and other requirements for establishing a business
• help you grow your business.

Who can apply?

Anyone who has a Health Care Card and has completed a business plan.

Daniela Penrith from Three Points Health Services explains how the No Interest Loan Scheme (NILS) works.

Applying for a loan

Call Business Tasmania on 1800 440 026 or email ask@business.tas.gov.au.

If approved, NILS will manage the loan. Payments are made fortnightly at an agreed rate. Repayments may be made through Centrepay, a free direct bill paying service available to anyone receiving a Centrelink payment. All planning advice and mentoring from Enterprise Centres is free of charge.