Microenterprise Loans

NAB Microenterprise Loans are unsecured business loans of between $500 and $20,000 for people on low incomes who have few or no avenues to access affordable business credit. NAB supplies the loans on a not-for-profit basis.

Key features:

• loans from $500 to $20,000;
• interest rate – 9.95%;
• up to 3 years repayment period; and
• 90 day access period is interest free.

Loans are available to help start up or support existing businesses of five or fewer employees. This includes owner operated businesses and businesses operated from home.

If you are unable to get a normal business loan through a bank, and you have a sound business idea, you may be eligible for a NAB Microenterprise Loan.

About the Incubator Connect Program

One of the ways you can get a NAB Microenterprise Loan is via the Incubator Connect Program. This program aims to support businesses who are tenanted or supported by Small Business Incubators.

The Incubator Connect Program is offered in conjunction with Business Innovation and Incubation Australia (BIIA) and NORTEC.

How To Apply

Email enquiry to paul.jameson@nortecltd.com.au with:

• Amount of loan sought
• A brief description of your business
• Your contact details
• The name of your Business Incubator, managers name and contact details

NORTEC will  email an information package and, with your Incubator Manager,  provide support to progress your application. Where can interested applicants find out more?

Interested applicants who would like to know more about the NAB Microenterprise Loan can find out more by clicking the following link: NAB Microenterprise Loan