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NAB Microenterprise Loan Schemes

Starting and running your own small business is one of life’s most exciting and rewarding experiences. But accessing affordable business credit can often be daunting, with few if any avenues available to those on low incomes.

Since 2007, the NAB has been providing unsecured business loans of between $500 and $20,000 for people on low incomes. It’s part of their microfinance program to address financial exclusion.

The program works in partnership with a variety of organisations that provide training and small business advice to loan recipients. Program partners mentor and help the applicants develop their business plan and provide them with business skills training and advice during the first year of their business.

Eligibility for the NAB Microenterprise Loan varies depending on which partner you apply through.

New Enterprise Incentive Scheme Association (NEIS)

Members of the National NEIS Association work with applicants who have taken part in the Federal Government’s New Enterprise Incentive Scheme (NEIS) to commence and grow Australian businesses. To be eligible for the Microenterprise Loan, you need to have completed NEIS approved training in small business management and have had your business plan accepted for the NEIS program. ETC is a provider of the NEIS Program and can provide a letter of support to accompany your application. If you think you may be eligible or are interested in participating in the program, please visit the ETC NEIS page.


Business Enterprise Centres Australia (BECA)

Your local BECA organisation works to assist businesses through providing a range of training and support services. They will help you to update your business plan and financials and can assist you to apply for a Microenterprise Loan. ETC is the Mid North Coast Business Enterprise Centre and can provide a letter of support to accompany your application. If you think you may be eligible or are interested in more information, please contact one of our local Small Biz Connect Advisors.


Indigenous Business Australia (IBA)

IBA work with entrepreneurs wishing to start a new business or existing business’s looking for further support. To apply through IBA you must be willing and eligible to take part in and complete approved business training which may include developing a business plan and financials. IBA provides clients with business advice, support and mentoring through its national network of business consultants. As a preferred Service Provider for Indigenous Business Australia, ETC can provide a range of business facilitation and business support services across the region from Grafton to Taree. Please visit the IBA website for more information: http://www.iba.gov.au/

Business Programs

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