Business Grants and Loans
CSBEC does not provide business finance. In addition to traditional lending establishments such as banks and finance companies there are several other potential avenues for business to consider.
To check whether you are eligible for such financial assistance you will need to contact the organisations directly.
Is a charitable trust that provides small business loans to start-up or existing small businesses. Just Dollars offers unsecured loans up to $4,000 and secured loans up to $10,000. So if you are thinking about becoming self-employed but don’t have any money to get things underway, or are already self-employed but don’t have any money to expand or buy new equipment they could provide the assistance you need.
To apply you will need to be declined finance from your bank and provide a business plan including a cashflow forecast outlining your proposal. To find our more about Just Dollars or to download an application form go to www.justdollars.org.nz or contact Carolynn on 03 366 9978 ext 3 email:firstname.lastname@example.org
Enterprise Allowance Capitilisation
This provides financial support to people who are eligible under the government-funded self-employment scheme called Enterprise Allowance. You will need to be enrolled as a job seeker with Work and Income and formally apply for the allowance. This will normally require the completion of a relevant small business course and will involve the submission of a business plan to assess the viability of your business idea.
To find out more visit http://www.workandincome.govt.nz or contact your Case Manger
The Angel Fund – Wahine Putea aims to create opportunities that enable low-income women to achieve financial independence. The fund offers no interest loans typically up to $500 to women on low incomes, who have difficulty accessing credit from traditional sources and who have the ability to repay. Loans can be used to cover costs associated with starting a small business, transition to work expenses or for training courses, seminars and further education.
To find our more about the Angel Fund contact Koa on 358 8495 or email email@example.com
Other sources of finance available to small businesses
http://www.nzte.govt.nz for information on:
Enterprise Development Grants
Enterprise Network Grants
http://www.med.govt.nz for information on
Seed Co-investment Fund