Managed by Lighthouse, the Epicorp Development Loan Fund (EDLF) is available to businesses in the ACT and surrounding region. Loans of up to $20,000 can be used to supplement other forms of support accessed by the business to address funding shortfalls for specific projects. The program also provides loan recipients with access to some mentoring and networking opportunities.
The loans will attract a five percent flat interest rate and will be repayable in no more than two years. The loans are unsecured, but evidence must be provided that the loans can be serviced from current and future business income.
To learn more about this Lighthouse administered program click here Lighthouse innovation funding.