Strategic Growth Loans (SGL)

Up to $1.2M is available from Strategic Growth Loans (SGL) to help SMEs with loans when traditional lenders are unable to assist.

Strategic Growth Loans (SGL)
 

Strategic Growth Loans (SGL)

Strategic Growth Loans (SGL) are flexible, direct loans to provide capital for emerging fast-growth SMEs that are scaling quickly and creating jobs in NSW, but face barriers in accessing affordable finance from traditional lenders.

 

Objectives

Strategic Growth Loans (SGL) aim to drive jobs and business growth by providing emerging scalable fast growth businesses with capital to address barriers in accessing finance from commercial sources.

The SGL aligns with the overarching objectives of the Jobs for NSW Act 2015 (NSW):

  • to facilitate the creation of new jobs in NSW in a way that is responsive to changes in the economy
  • to facilitate the development and attraction of new businesses, and the consolidation of existing businesses in NSW
  • to facilitate the provision of innovative, cost-effective and strategically targeted incentives for economic development in NSW

 

Funding

Direct loans ranging from over $500,000 to $1,200,000 are available to businesses with flexibility in payment terms including the flexibility of multiple advances.

Loans are offered over a term of four (4) years and at an interest rate of 9.2%. Jobs for NSW does not require the loan to be secured by personal assets such as residential property. As part of the standard terms and conditions, Jobs for NSW will place a general security over the current and future assets of the business.

 

Eligibility

To apply for a Strategic Growth Loan (SGL), your business must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 20 additional FTE jobs within three years in NSW
  • be able to demonstrate likely revenue of at least $1 million within 12 months
  • have been trading for a minimum of one year
  • be able to demonstrate future growth for at least one year, evidenced by future pipeline or contracts
  • be unable to obtain commercial finance.

 

Timing

Applications open on an ongoing basis.

 

More Information

What is the #1 grant for start-ups?

12,000+ companies access the R&D tax incentive per year that yields a CASH REBATE of up to 43.5%.
This might be perfect your start up.
Do you want to know more?

  • What exactly is the R&D Tax Incentive?
  • How can my startup qualify?
  • What defines eligible R&D activities?
  • What expenditure can be claimed?
  • How do I calculate the potential rebate?
  • How can I identify if my product qualiies for R&D?
  • What is the process to apply?
  • How can I best document my R&D?
  • What are common misconceptions about it?
  • How can we help you through this process?

Bulletpoint is a Melbourne-based consultancy specialising in guiding businesses through the complex process of the R&D tax incentive. With a decade of experience under our belt, we’re proud to be led by Australia’s highest-rated R&D tax consultant. We’ve successfully lodged over 500 R&D claims, demonstrating a proven track record.

Government Grant Consultation

Our approach is straightforward and personable, focusing on cutting through the jargon to help businesses truly understand the definition of R&D in government terms. We’re passionate about what we do, and our clients appreciate this, often commenting on the difference our expertise has made to their businesses. They’ve praised us for uncovering grants they wouldn’t have otherwise known about and for making the whole process less stressful for them.

We’re proud to have an average rating of 4.8 stars from over 250 Google reviews. Despite our success, we continue to strive for improvement, learning from every piece of feedback we receive.

At Bulletpoint, we excel in helping businesses navigate the complexities of the R&D tax incentive process, ensuring they reap the benefits they deserve. As experts in our field, we’re well-versed in what works and what doesn’t when it comes to aligning businesses’ perceptions of R&D with the government’s eligibility criteria.

So, if you’re looking for accessible expertise and a proven success rate, you’ll find it with us at Bulletpoint. We’re ready to guide you through the R&D tax incentive process with a blend of professionalism and personality, ensuring your experience with us is not just successful, but enjoyable as well.

 

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