ACT Microcredit Loan Program

I need assistance with ACT Microcredit Loan Program

What is it?

The ACT Microcredit Loan Program is delivered via a three-way partnership involving the
ACT Government, Westpac Institutional Bank and Lighthouse Business Innovation Centre. This partnership seeks to provide fair, safe and ethical loans to people who, because of their circumstances, are not able to assess mainstream financial services.

The ACT Microcredit Loan Program provides a limited number of low interest and fee-free loans for eligible low-income earners who wish to start or expand an existing business. The program provides loan recipients with business skills development, individual mentoring, peer support and access to networking events.

Interest free loans, up to the value of $3,000, and low-interest loans, valued between $3,001 and $10,000, are available to eligible individuals.

The program provides a range of services including an orientation session, business ideas assessment workshop, training, one-on-one mentoring, peer support and opportunities to attend events such as expert peer-led group discussions and networking events.

The focus of the ACT Microcredit Loan Program is on skilling the loan applicants and recipients on business planning and management, to ensure that only businesses that have a reasonable chance of success are supported.

Who is eligible?

The loans target a number of key groups including Aboriginal and Torres Strait Islander people, migrants, young people, women and lesbian, gay, bi-sexual, transgender and intersex individuals. See eligibility and selection criteria here.

How do I apply?

Competitive loans are granted based on satisfying selection criteria.

See 'How to Apply' information here.


Lighthouse Business Innovation Centre

Unit 6, 65 Tennant Street

Phone: (02) 1300 365 514

Web: Lighthouse Business Innovation Centre