1. Multiple available funding types

Australian business and entrepreneurs looking for money to finance their medium and small business should consider a grant, loan or other form of financial aid. These funds can help with purchasing equipment, pay for training, fund marketing/advertising, undertaking product research and development and far more.

Australia Federal and State governments offers incentives and money to help entrepreneurs

Various Australian government agencies have earmarked money for funding programs, such as grants and loans, to help medium and small businesses like yours with their financing needs. Government funds can get your business up and running.

If you are looking for a small sum or a lot of money, take advantage of business loans and grants currently available from the government. You gain a real advantage by learning how and where to apply.

LeTap Corporate Solutions provides valuable small and medium business resources that may help you get government money and reveal how to expand or further develop your business. We can offer independent advice to help eligible entrepreneurs with their pursuit of funding.

Some of the key available grants and incentives are;

1. The Export Market Development Grants (EMDG) scheme is a key Australian financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industry sectors and particularly encourages small to medium-sized Australian businesses to develop export markets. You maybe able to claim costs such as Overseas representatives, Marketing consultants, Marketing visits, Free samples, Promotional literature & advertising among other expenses.
2. The R&D Tax Incentive is a self-assessment programme designed to encourage industry to conduct research and development. The programme provides a tax incentive for industry to conduct experimental activities, in a scientific way, for the purpose of generating new knowledge. The R&D Tax Incentive provides targeted, generous and easy to access support for eligible R&D activity. The benefits available are:

• a 45 per cent refundable tax offset to eligible entities with an aggregated turnover of less than $20 million per annum;
• a non-refundable 40 per cent tax offset to all other eligible entities.

Plus there are a large number of other State and Federal Grants, incentives and schemes your company could be eligible to.