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Where to get support for your Indigenous business

 

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If you’re a business-owner, you may be feeling a lot of different emotions. It’s been a difficult couple of years with the COVID-19 pandemic and many businesses are finding it’s taking longer than expected to recover.

The good news is there’s a lot of support out there for Indigenous business-owners, whether it be through networks, grants or handy information to know.

Here is a roundup of where you may be able to get some additional support.

If you need cashflow support

  • Indigenous Business Australia (IBA) offers invoice finance to Indigenous-owned businesses. The finance is provided based on the value of credit sales and major contracts and can help to pay for things like wages, deliveries and transport costs. According to IBA, the invoice finance is best suited to established businesses. Find out more here.

If your business has been affected by COVID-19

  • IBA has a relief package for Indigenous businesses that have been affected by COVID-19. Eligible businesses can apply for grants/loans or specialist advice. Find out more here.

If you need information about tax

  • The Australian Taxation Office (ATO) has a tax hub for Indigenous people. Check it out here.

If you want to list your Indigenous business  

If you’re in the Northern Territory  

  •  You may be eligible for the Aboriginal Business Development Program. The scheme pairs you up with a small business champion to help with mentorship and business questions. Find out more here.

If you’re in Queensland

  • If you’re an entrepreneur or innovator, you may be able to get coaching, advice and training from One Business Queensland. Find out more here.
  • The Queensland Government also has a list of networking resources for Indigenous businesses. You can find that here. 

Editors note: IBA is a partner of the First Nations Foundation, which publishes this website. Information in this article has been updated on 18 February, 2022. 

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