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Arts Tasmania

Low-interest loans

This program provides loans towards capital improvements and equipment purchases.

Applications are currently open.

Sign up for Arts Tasmania’s newsletter for funding and program announcements.

Key dates

March round

Opens: 5 February 2021
Closes: 22 March 2021

Notification for each round will occur within ten weeks of the closing date.

October round

Opens: 16 August 2021
Closes: 11 October 2021

Notification for each round will occur within ten weeks of the closing date.

  • Eligibility
  • Eligibility

    To be eligible for a low-interest loan, you must be:

    • an individual artist or group who has lived in Tasmania for six of the last 12 months
    • an arts organisation based in Tasmania
    • a cultural heritage organisation based in Tasmania

    Individuals over the age of 18 who live in Tasmania, and groups with at least one Tasmanian member over the age of 18 are eligible to apply. If your group has members living outside Tasmania, only the Tasmanian member/s can be nominated as the borrower.

    All applicants must meet Arts Tasmania’s general eligibility requirements.

    What can I apply for?

    • Costs related to capital improvements or infrastructure
    • To purchase equipment related to your arts practice

    For museums, galleries, and collections, the purchase must demonstrate benefit in one or more of the following areas:

    • improving access to collections
    • collections management and care
    • museums management
    • product development.

    This program does not support projects, manufacturing, or the purchase of materials.

    If you are interested in funding for projects, manufacturing and the purchase of materials, please see Arts Tasmania’s grant opportunities.

    How much can I apply for?

    You can apply for a loan between $1 000 and $15 000.

    There may be a limit on the loan funds available. You are encouraged to contact Arts Tasmania to discuss your loan options.

    The current interest rate is 0.80% per annum for the 2021-22 financial year. Interest rates are variable, and reviewed on an annual basis.

    How do I repay my loan?

    Loan repayments are made in monthly instalments. The minimum annual repayment for all Arts Tasmania loans is $1 000 principal (before interest).

    The term of your loan is determined by the type of purchase and related activities.

    The maximum loan term is five years. If needed, your loan term can be changed, based on your circumstances and ability to meet the monthly repayments.

    You may pay out the remainder of your loan at any time.

    Will I be required to provide security on my loan?

    If you are asking for more than $10 000, you will need to provide security for your loan in the form of a guarantee.

  • Assessment criteria
  • Assessment criteria

    The arts or collections component of your application will be assessed by multi-artform peers against the criteria of:

    • quality
    • planning
    • benefit

    For more information, please see the Arts Tasmania criteria.

    For more information on assessment, please visit how decisions are made.

    Low-interest loan applications are also assessed on your ability to repay the loan.

    Capacity to repay the loan will be determined by a credit check by the Department of State Growth.

    If you have applied as an individual or group and your application is supported, Arts Tasmania will contact you to request copies of your last two tax returns or a statement showing the last two years of Centrelink payments.

    If you have applied on behalf of an organisation and your application is supported, Arts Tasmania will contact you to request copies of your organisation’s audited financial statements and tax returns (if your organisation is required to submit tax returns) for the last two years, and a budget for the next 12 months.

  • How do I apply?
  • How do I apply?

    Your application must be submitted before 11:59 pm on the closing date.

    Material received after the closing date will not be considered.

    Help with your application

    You are encouraged to talk to Arts Tasmania’s grants team about your application before the closing date.

    Please contact us before the closing date if you cannot submit an application online.

    Contact the grants team on 03 6165 6666 or grants@arts.tas.gov.au

    Other information

    Sign up for Arts Tasmania’s newsletter for funding and program announcements.

    View all programs and key dates.

  • Eligibility
  • Eligibility

    To be eligible for a low-interest loan, you must be:

    • an individual artist or group who has lived in Tasmania for six of the last 12 months
    • an arts organisation based in Tasmania
    • a cultural heritage organisation based in Tasmania

    Individuals over the age of 18 who live in Tasmania, and groups with at least one Tasmanian member over the age of 18 are eligible to apply. If your group has members living outside Tasmania, only the Tasmanian member/s can be nominated as the borrower.

    All applicants must meet Arts Tasmania’s general eligibility requirements.

    What can I apply for?

    • Costs related to capital improvements or infrastructure
    • To purchase equipment related to your arts practice

    For museums, galleries, and collections, the purchase must demonstrate benefit in one or more of the following areas:

    • improving access to collections
    • collections management and care
    • museums management
    • product development.

    This program does not support projects, manufacturing, or the purchase of materials.

    If you are interested in funding for projects, manufacturing and the purchase of materials, please see Arts Tasmania’s grant opportunities.

    How much can I apply for?

    You can apply for a loan between $1 000 and $15 000.

    There may be a limit on the loan funds available. You are encouraged to contact Arts Tasmania to discuss your loan options.

    The current interest rate is 0.80% per annum for the 2021-22 financial year. Interest rates are variable, and reviewed on an annual basis.

    How do I repay my loan?

    Loan repayments are made in monthly instalments. The minimum annual repayment for all Arts Tasmania loans is $1 000 principal (before interest).

    The term of your loan is determined by the type of purchase and related activities.

    The maximum loan term is five years. If needed, your loan term can be changed, based on your circumstances and ability to meet the monthly repayments.

    You may pay out the remainder of your loan at any time.

    Will I be required to provide security on my loan?

    If you are asking for more than $10 000, you will need to provide security for your loan in the form of a guarantee.

  • Assessment criteria
  • Assessment criteria

    The arts or collections component of your application will be assessed by multi-artform peers against the criteria of:

    • quality
    • planning
    • benefit

    For more information, please see the Arts Tasmania criteria.

    For more information on assessment, please visit how decisions are made.

    Low-interest loan applications are also assessed on your ability to repay the loan.

    Capacity to repay the loan will be determined by a credit check by the Department of State Growth.

    If you have applied as an individual or group and your application is supported, Arts Tasmania will contact you to request copies of your last two tax returns or a statement showing the last two years of Centrelink payments.

    If you have applied on behalf of an organisation and your application is supported, Arts Tasmania will contact you to request copies of your organisation’s audited financial statements and tax returns (if your organisation is required to submit tax returns) for the last two years, and a budget for the next 12 months.

  • How do I apply?
  • How do I apply?

    Your application must be submitted before 11:59 pm on the closing date.

    Material received after the closing date will not be considered.

    Help with your application

    You are encouraged to talk to Arts Tasmania’s grants team about your application before the closing date.

    Please contact us before the closing date if you cannot submit an application online.

    Contact the grants team on 03 6165 6666 or grants@arts.tas.gov.au

    Other information

    Sign up for Arts Tasmania’s newsletter for funding and program announcements.

    View all programs and key dates.

    Eligibility

    Eligibility

    To be eligible for a low-interest loan, you must be:

    • an individual artist or group who has lived in Tasmania for six of the last 12 months
    • an arts organisation based in Tasmania
    • a cultural heritage organisation based in Tasmania

    Individuals over the age of 18 who live in Tasmania, and groups with at least one Tasmanian member over the age of 18 are eligible to apply. If your group has members living outside Tasmania, only the Tasmanian member/s can be nominated as the borrower.

    All applicants must meet Arts Tasmania’s general eligibility requirements.

    What can I apply for?

    • Costs related to capital improvements or infrastructure
    • To purchase equipment related to your arts practice

    For museums, galleries, and collections, the purchase must demonstrate benefit in one or more of the following areas:

    • improving access to collections
    • collections management and care
    • museums management
    • product development.

    This program does not support projects, manufacturing, or the purchase of materials.

    If you are interested in funding for projects, manufacturing and the purchase of materials, please see Arts Tasmania’s grant opportunities.

    How much can I apply for?

    You can apply for a loan between $1 000 and $15 000.

    There may be a limit on the loan funds available. You are encouraged to contact Arts Tasmania to discuss your loan options.

    The current interest rate is 0.80% per annum for the 2021-22 financial year. Interest rates are variable, and reviewed on an annual basis.

    How do I repay my loan?

    Loan repayments are made in monthly instalments. The minimum annual repayment for all Arts Tasmania loans is $1 000 principal (before interest).

    The term of your loan is determined by the type of purchase and related activities.

    The maximum loan term is five years. If needed, your loan term can be changed, based on your circumstances and ability to meet the monthly repayments.

    You may pay out the remainder of your loan at any time.

    Will I be required to provide security on my loan?

    If you are asking for more than $10 000, you will need to provide security for your loan in the form of a guarantee.

    Assessment criteria

    Assessment criteria

    The arts or collections component of your application will be assessed by multi-artform peers against the criteria of:

    • quality
    • planning
    • benefit

    For more information, please see the Arts Tasmania criteria.

    For more information on assessment, please visit how decisions are made.

    Low-interest loan applications are also assessed on your ability to repay the loan.

    Capacity to repay the loan will be determined by a credit check by the Department of State Growth.

    If you have applied as an individual or group and your application is supported, Arts Tasmania will contact you to request copies of your last two tax returns or a statement showing the last two years of Centrelink payments.

    If you have applied on behalf of an organisation and your application is supported, Arts Tasmania will contact you to request copies of your organisation’s audited financial statements and tax returns (if your organisation is required to submit tax returns) for the last two years, and a budget for the next 12 months.

    How do I apply?

    How do I apply?

    Your application must be submitted before 11:59 pm on the closing date.

    Material received after the closing date will not be considered.

    Help with your application

    You are encouraged to talk to Arts Tasmania’s grants team about your application before the closing date.

    Please contact us before the closing date if you cannot submit an application online.

    Contact the grants team on 03 6165 6666 or grants@arts.tas.gov.au

    Other information

    Sign up for Arts Tasmania’s newsletter for funding and program announcements.

    View all programs and key dates.