Loan funded Projects
Examples of projects supported with loan funds
In recent years the Foundation has developed a more loan-focused approach to supporting business start-ups and expansions. However, Foundation loans are interest-free, with a negotiated time frame and a more flexible system of re-payment than possible with mainstream lenders.
We’re able to give businesses some ‘breathing room’ at crucial stages, which can have a significant impact on sustainability.
Loan examples include:
A very small loan ($2000) to a start-up business involved in e-commerce to allow enhanced web-site development,
$10,000 to float publication of a photography book which promotes Broken Hill,
$15,000 for purchase of equipment in a take-way food business (in a cuisine not previously offered in Broken Hill) which enhances the tourist experience and now employs 3+ people,
$10,000 to assist with start-up costs associated with a monthly local publication (which has employed up to three people and spawned a successful graphic design business),
$15,000 to assist with start-up costs associated with a mobile catering business pitched at the film industry and outback mining ventures,
$30,000 to assist with development of a purpose-built Event Centre at the historic Broken Hill Racecourse – which had stalled and was re-invigorated following the Foundation’s support. This loan has been fully repaid.