The NSW Government has just released a new Cooperative Loan Scheme, facilitating loans to NSW cooperatives to expand or modernise their operations.
Loans can be used to assist cooperatives to improve production facilities or to purchase capital assets to expand or modernise.
Cooperatives must have been in operation for three or more years to qualify for a loan. Maximum loan term is 7 years and some fees apply.
Applicants should contact the NSW Government’s Office of Regional Development on 1300 679 673 or regionalnsw.business@dpc.nsw.gov to discuss their eligibility for the scheme and to request an application form.
For more information, visit the NSW Government Cooperative Loan Scheme website.