Indigenous Business Australia (IBA) and AIMSC have formed a new partnership to help Indigenous businesses seize the opportunities for growth created by the increasing number of corporate and government buyers wanting their goods and services.
The Fast Track Loan product – jointly developed by IBA and AIMSC – provides a fast turn around assessment for growing, sustainable Indigenous businesses to provide finance. This typically involves working capital to help support Indigenous businesses to compete for and complete larger corporate and government contracts. Other business growth needs can include loans to fund assets, additional stock and other business requirements to fulfil larger contracts.
To access the Fast Track Loan, Indigenous businesses must have a history of trade and have a contract in the wings.
A beneficiary of this new partnership is AIMSC Certified Australian Outback Apparel (AOA). AOA is an Indigenous owned and run company supplying high quality work wear, corporate uniforms, and branded merchandise and gifts. Their key target markets are mining, corporate, and government departments. You can find out more about how the Fast Track Loan has helped Outback Apparel grow by reading today’s article in The Australian.
AIMSC CEO Natalie Walker said "Indigenous businesses who seize these opportunities like Outback Apparel, will grow because of this demand, and this prosperity will take Indigenous Australia beyond the gap."
AIMSC Certified Suppliers who want to learn more about the Fast Track Loan, please call the AIMSC office on 1300 055 298.
To find out more visit: http://www.iba.gov.au/
View article in The Australian today: http://www.supplynation.org.au/resources/Indigenous_outfits_sell_on_world_market