Where are you at in your business growth? Pre-launch? Launch? Beyond? Is your business growing but you need more money to support the growth in areas such as hiring new staff or purchasing more stock or new equipment?

We’re often asked for help with financing a business. We suggest five key paths as follows:

  1. Loans
  2. Grants
  3. Convertible Notes
  4. Equity funding
  5. Crowdfunding.

This article is part of a five-part series on how to finance your business. Are you in a particular industry that is of interest to the government? A grant may assist you.

Part 2 – Grants

Certain government grants are available for small businesses and startups to help you fund and grow your business. There are numerous grants available in various industries. Have a look here.

The principal advantage of funding your business using a grant is that they provide a way to receive capital for starting a business that does not involve giving away any equity or taking on debt obligations. There are many different industries with programs available, particularly for people who are low-income earners, are employing people with disabilities or are involved in export enterprises. Many grants provide capital, mentoring, training and interest-free loans.

The main disadvantage is that grants are generally hard to obtain. As few as 1 in 100 applicants may succeed, or less in a competitive field. The programs available are often specialised and come with eligibility requirements that are designed to give more vulnerable people in the community some added assistance in the creation or running of their own business. Grants are often difficult to get as there is a lot of competition, and they do come with their own requirements that your business must comply with when using the grant.


Is a grant right for you? Depending on the field in which you work, it may be a real option for funding your business.

If you need help to create a grant application, LegalVision can help you with this. LegalVision provides businesses and individuals with tailored online legal advice and agreements. Our experienced business lawyers can help you achieve your funding goals, so get in touch today. Call LegalVision on 1300 544 755.

COVID-19 Business Survey
LegalVision is conducting a survey on the impact of COVID-19 for businesses across Australia. The survey takes 2 minutes to complete and all responses are anonymous. We would appreciate your input. Take the survey now.

About LegalVision: LegalVision is a tech-driven, full-service commercial law firm that uses technology to deliver a faster, better quality and more cost-effective client experience.

The majority of our clients are LVConnect members. By becoming a member, you can stay ahead of legal issues while staying on top of costs. For just $199 per month, membership unlocks unlimited lawyer consultations, faster turnaround times, free legal templates and members-only discounts.

Learn more about LVConnect

Ursula Hogben
Need Legal Help? Get a Free Fixed-Fee Quote

If you would like to receive a free fixed-fee quote or get in touch with our team, fill out the form below.

  • By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. See our full Privacy Policy.
  • This field is for validation purposes and should be left unchanged.
Our Awards
  • 2019 Top 25 Startups - LinkedIn 2019 Top 25 Startups - LinkedIn
  • 2019 NewLaw Firm of the Year - Australian Law Awards 2019 NewLaw Firm of the Year - Australian Law Awards
  • 2020 Fastest Growing Law Firm - Financial Times APAC 500 2020 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review 2020 AFR Fast 100 List - Australian Financial Review
  • 2020 Law Firm of the Year Finalist - Australasian Law Awards 2020 Law Firm of the Year Finalist - Australasian Law Awards
  • Most Innovative Law Firm - 2019 Australasian Lawyer 2019 Most Innovative Firm - Australasian Lawyer
Privacy Policy Snapshot

We collect and store information about you. Let us explain why we do this.

What information do you collect?

We collect a range of data about you, including your contact details, legal issues and data on how you use our website.

How do you collect information?

We collect information over the phone, by email and through our website.

What do you do with this information?

We store and use your information to deliver you better legal services. This mostly involves communicating with you, marketing to you and occasionally sharing your information with our partners.

How do I contact you?

You can always see what data you’ve stored with us.

Questions, comments or complaints? Reach out on 1300 544 755 or email us at info@legalvision.com.au

View Privacy Policy