The government will open up a $60 million business loans program from midday on Monday.
Eligible businesses can apply to the Business Loans Growth Scheme for access to low-interest loans of between $20,000 and $3 million.
The fund will be open for the next 12 months or until all money has been allocated.
In other news:
Premier Peter Gutwein said loans of up to $100,000 could be provided without security and through a steamlined assessment process in order to get money out the door faster.
State Growth Minister Michael Ferguson said the government’s earlier loan program, Business Supports Loans, had helped more than 300 family businesses during the coronavirus pandemic.
“This new loan program is targeted at retention of jobs, as well as entirely new projects and investments that generate new jobs and apprenticeships,” he said.
The website has information on a range of available business loan and grant programs.