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Emerging businesses

How Jobs for NSW helps fast-growth businesses

Emerging and fast-growth small to medium enterprises (SMEs) that have strong growth are the powerhouses of the NSW economy. While many new businesses start up each year in NSW, relatively few scale up to become key economic players. This is why we’re creating an ecosystem where high-potential SMEs can get the support and funding they need to reach their potential.

Products available

AGL

Accelerating Growth Loans

Accelerating Growth Loans provide direct finance to emerging and fast-growth SMEs to accelerate their growth. Who can apply: SMEs with demonstrated revenue of $500,000+ within 12 months to create jobs in metro Sydney, Newcastle or Wollongong. Support available: loans of $200,000 to $500,000

Accelerating Growth Loans are direct loans from Jobs for NSW for emerging fast-growth SMEs that are scaling quickly and creating jobs in NSW, but face barriers in accessing finance from traditional lenders.

Funding available

Direct loans ranging from $200,000 to $500,000 are available to eligible businesses at a fixed interest rate of 9.2% for the term of the loan.

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.

Who is eligible

To apply for an Accelerating Growth Loan, 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 10 additional FTE jobs within 2 years in metropolitan NSW (Sydney, Newcastle and Wollongong)
  • be able to demonstrate likely revenue of at least $500,000 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 secured future pipeline or contracts
  • be unable to obtain commercial finance.

Why choose an Accelerating Growth Loan?

With an Accelerating Growth Loan:

  • your business has access to funding when traditional lenders are unable to assist
  • your business can continue to grow with additional capital without requiring personal assets as security
  • there are no penalties for early repayment
  • there are no establishment fees.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the initial assessment online. Eligible businesses will be invited to apply for an Accelerating Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679)

RGL

Regional Growth Loans

Regional Growth Loans provide direct finance to emerging and fast-growth SMEs to accelerate their growth. Who can apply: SMEs with demonstrated revenue of $500,000+ within 12 months to create jobs outside of Sydney, Newcastle and Wollongong.
Support available: interest free loans of $200,000 to $500,000

Regional Growth Loans are direct, interest-free loans for emerging and fast-growth SMEs in regional NSW that are scaling quickly and creating jobs, but face barriers in accessing finance from traditional lenders.

Regional Growth Loans are for businesses who are creating jobs specifically in areas outside of Sydney, Newcastle and Wollongong.

Funding available

Direct loans ranging from $200,000 to $500,000 are available to businesses with no interest payable. 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.

Who is eligible

To apply for a Regional Growth Loan, 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 10 additional FTE within two years outside of metropolitan NSW (Sydney, Newcastle and Wollongong)
  • be able to demonstrate likely revenue of at least $500,000 within 12 months
  • have been trading for a minimum of one year
  • demonstrate future growth for at least one year evidenced by secured pipeline or contracts
  • demonstrate that they have been unable to obtain commercial finance.

Why choose a Regional Growth Loan?

With a Regional Growth Loan:

  • your business has access to funding when traditional lenders are unable to help
  • there is no interest payable for the life of the loan
  • there are no penalties for early repayment
  • there are no establishment fees
  • your business can continue to grow through additional capital.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the initial assessment online. Eligible businesses will be invited to apply for a Regional Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

SGL

Strategic Growth Loans

Strategic Growth Loans provide direct finance to fast-growth SMEs across NSW to accelerate their growth. Who can apply: SMEs with demonstrated revenue of $1,000,000+ within 12 months. Support available: flexible loans of over $500,000 to $1,200,000

Strategic Growth Loans are flexible, direct loans for emerging and fast-growth SMEs that are scaling quickly and creating jobs, but face barriers in accessing finance from traditional lenders.

Funding available

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.

Who is eligible

To apply for a Strategic Growth Loan, 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.

Why choose a Strategic Growth Loan?

With a Strategic Growth Loan:

  • your business has access to funding when traditional lenders are unable to help
  • there are no penalties for early repayment
  • there are no establishment fees
  • your business can continue to grow through additional capital.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the initial assessment online. Eligible businesses will be invited to apply for a Strategic Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

LG

Loan Guarantees

Loan Guarantees are available to help fast-growth SMEs across NSW to obtain the loan approvals needed to expand. Who can apply: SMEs with revenue of $3,000,000+. Support available: loan guarantee of 50% (up to $5 million)

Loan Guarantees are offered in partnership with an Australian authorised financial institution. Jobs for NSW will act as a Guarantor for up to 50% of the loan (up to $5 million of the loan amount), for businesses who are unable to access the full quantum needed to enable business expansion.

Businesses must have revenue of $3 million or more to apply, and can be located in both regional and metropolitan NSW.

Funding available

A Loan Guarantee will be offered under terms and conditions that meet the needs and objectives of the borrower, the partnering financial institution and Jobs for NSW to enable the business to create more jobs.

The terms and conditions of a Jobs for NSW Loan Guarantee are:

  • we will guarantee up to 50% of the amount lent to the business by a financial institution (up to $5 million of the loan amount)
  • the guarantee term is typically two to five years
  • repayment arrangements will be negotiated taking into account the proposed transaction, the financial stability of the business and the purpose of the loan.

Who is eligible

Loan Guarantees are available to fast-growing SMEs creating jobs in NSW that require capital to fund further expansion.

To be eligible for a Loan Guarantee, businesses 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 30 additional FTE jobs within 3 years in NSW
  • be able to demonstrate revenue of at least $3 million
  • have an inability to access sufficient funds from the Lender to enable the business expansion.

What can a Loan Guarantee be used for?

Financial assistance from a Loan Guarantee may be used to expand operations through:

  • working capital
  • payroll
  • scaling of commercialised research and development
  • expanding production capacity
  • exports and establishing national and international headquarters (if the business headquarters and jobs are created within NSW).

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete an initial assessment online. Eligible businesses will be invited to apply for a Loan Guarantee. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

GO NSW Equity Fund

Jobs for NSW, in partnership with First State Super and Roc Partners, will invest $150 million in the
GO NSW Equity Fund providing high potential companies with access to suitable equity capital.

The GO NSW Equity Fund enables the NSW Government to recycle public capital in order to grow jobs and support economic renewal right across the state. This is an innovative and sustainable way to support Australian businesses and aligns with NSW’s aspiration to be a leader in innovation.

To find out more about the GO NSW Equity Fund, and if your business is eligible for support, contact gonsw@jobsfornsw.com.au

Find out if you are eligible

Still unsure? Compare our loan products



Success Stories

Ben Kooyman and man As soon as we saw the program in the media, we jumped right on the opportunity. The application process with Jobs for NSW has been robust, yet efficient. This loan will allow us to get people back into jobs within an Australian-owned industry. Endeavour Beverages co-founder Ben Kooyman

Up until late 2016, Endeavour Beverages operated similar to a ‘virtual’ beer supplier, using contract brewing facilities to create their product. And while two full-time sales managers were on-board, they lacked a retail store presence, with ad-hoc sales driven via their website.

To foster their growth, Endeavour Beverages successfully applied for a $300,000 loan under Jobs for NSW’s Accelerating Growth Loans (AGL) program. The loan allowed the beer business to establish a microbrewery in The Rocks and execute their export model, creating future-focused jobs.