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Concessional Business Loan

Business Funding Scheme Under $500,000

Concessional Business Loan

The Economic Development Programme provides business funding support through the Business Funding Scheme (BFS) loans.

Business Funding Scheme

The Business Funding Scheme (BFS) provides Indigenous people, who live in the Torres Strait region or Bamaga or Seisia community in the Northern Peninsula Area.

  • Business loans at interest rates lower than commercial bank rates
  • Small business training
  • Business support and advice

The BFS helps Indigenous people to start or buy and own commercially viable businesses. Eligible applicants with a commercially viable business idea are offered the opportunity to participate in the Into Business Workshop. The training is practically focused on creating a business plan with specific action steps to help facilitate success.

TSRA Regional Infrastructure


BFS offers
  • 3% interest for loans up to $100,000
  • 6.5% interest for loans up to $500,000 (maximum term is 10 years)
  • Mentoring Assistance
  • Opportunity to refinance existing loan
  • Assistance with marketing your business
  • Funding for business expansion.
BFS eligibility
  • You must be an Indigenous person and resident of the Torres Strait region
  • Plan to expend at least 80% of loan funds on capital assets
  • Provide a minimum of 20% equity in the business (excludes shares and kind)
  • Offer adequate security to cover the full amount of the loan for the full term of the loan
  • The proposed enterprise is assessed as being commercially viable
  • The enterprise is to be established or is already based in the Torres Strait region
How to apply for BFS

Torres Strait Islanders and Aboriginal people are advised this website may contain names, images and recordings of people who have passed.