Start-Up Finance Package

With our new start-up finance package, we make it easier to get your idea off the ground. To help you be competitive and minimise high interest borrowing, we’ll award up to 30% of a new business loan as a grant to purchase assets for your business. which you will not have to repay. So you can get a head start on running your business.

We also offer additional support to help you on your journey, from payment flexibility to business planning assistance.

Package amount Up to $100k
Loan repayment options Initial interest only period, monthly principal and interest, and balloon payments structured to suit the purpose and cash flow of the business
Loan term Maximum 7 years
Fees Nil application and line service fees
Variable interest rate Competitive rates available
Security Minimum security requirements of general security agreement, director’s guarantee and specific security agreement over plant and equipment (where applicable)
Equity contribution IBA contributes capital towards start-up SMEs via the grant component of the package
Reduced gearing levels Grant component reduces the gearing level for the customer during the start-up phase of the business life cycle
Minimum security requirements Additional tangible security is not required, however IBA will take a security interest over plant and equipment purchased with the funds, if deemed suitable
Flexible loan repayment Structured to suit the purpose and cash flow of the business
Grant component can only be used to cover capital expenditure items such as; plant & equipment, fit-out costs and commercial assets.
SME start-up trading less than one year.
Less than $400k in annual turnover.
Commercially viable business model.
Other standard IBA Policy and Credit criteria apply.

For more information

View our Start-Up Finance Package Flyer (PDF 85KB) 

The information provided has been prepared as a general guide only, without knowledge of your specific situation and is subject to change without notice. It is not an offer of credit. More information is available at

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