Micro Loans Scheme
The Micro Loans Scheme provides small, interest-free loans of up to $3,000 to eligible applicants. 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.
Anyone who has a Health Care Card and a business plan can apply for a NILS loan. Applications are made through our Enterprise Centre advisors, so along with completing the application form, they can support you to complete a business plan and cash flow that works for your business.
If approved, NILS will manage the loan, with payments 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 to help you grow your business is free of charge. To start the process, call Business Tasmania on 1800 440 026 or email email@example.com.