Department of State Development

The $50 million Unlocking Capital for Jobs Program is the first of its kind in Australia. It is an innovative new initiative to make it easier for business to secure commercially viable loans where firms would otherwise not have the balance sheet strength to access finance.

Under this program guarantees will be considered for applicants who meet the bank’s normal lending criteria but are unable to provide adequate security for the loan.

The program involves the State Government providing a partial guarantee in favour of a bank participating in the program in circumstances where:

  • the bank has a commitment to provide new financial accommodation meeting specified criteria
  • the borrower is a SME that meets prescribed eligibility criteria
  • that enterprise satisfies the bank’s normal commercial lending criteria except for the requirement of available collateral as security, and
  • the State Government believes the provision of that partial guarantee would facilitate the objectives of the program, being job creation and business growth.

View the case study of Australian Fashion Labels (AFL) – the first candidate for the Unlocking Capital for Jobs Program.


Full program information and eligibility criteria:

Program guidelines
Download PDF | 1.35 MB
Application form
Download PDF | 618 KB


For more information, contact:

Rachael Lawson
Principal Advisor, Industry and Innovation
Department of State Development
Phone +61 8 8303 2513