As some members may have seen, Jobs for NSW has this month released a new, refreshed loan portfolio to help businesses scale and accelerate jobs growth in metro and regional NSW.
With a $190m fund to invest over four years, Jobs for NSW is helping to unlock access to finance for emerging and scaling businesses that are creating new jobs.
To aid businesses at all stages of growth, the agency has introduced the new Strategic Growth Loan ($500k-$1.2m) with a flexible loan structure for businesses across the state, and has refreshed the existing Accelerating Growth Loan (now between $200k-$500k) available to metro businesses.
To boost jobs growth in regional NSW, the new interest-free Regional Growth Loan ($200k-$500k) will assist scaling businesses in areas outside of Sydney, Newcastle and Wollongong, and for fast-scaling SMEs, they’ve simplified the Loan Guarantee (up to $5m) eligibility criteria making the finance more accessible to more businesses.
For more information