Business Support

Business Support

Starting a business in Australia can be challenging without the necessary business support. At Thrive, we listen and work with you to offer you information and practical steps to plan out what is required to ensure success.

Key discussions and planning activities will include:

• Consultation on goals, skills and risks

• Rules and regulations on how to run a business in Australia

• Business registrations including ownership structure, ABN and GST

• Financial forecasts, understanding pricing, potential income and expenses

• Marketing your business including networking, referrals and use of social media

• Ongoing mentoring to improve and grow through existing and new connections and sharing of best business practice.

Business loans amounts between $10,000 up to $50,000

A business loan application generally follows a successful assessment through the Thrive support process together with due diligence checks including Visa entitlement verification, DFAT and an Equifax credit check.

Clients who seek financing must have work and residency entitlements for at least the desired length of their loan and must be seeking to borrow money for business purposes only – to buy, start or grow a business in Australia.

Thrive’s business loans have been designed to help refugees with no or limited credit history to get started. We don’t require the typical business history and financial information that a traditional bank or lender may require. Thrive fees and interest rates tend to be more competitive than that is charged by traditional lenders.

Westpac is a sponsor of Thrive’s lending program. The Australian Government also provides Thrive with targeted grants to assist refugees to gain financial independence through self-employment and small business startups.