Closed

Producer Loan

Tender ID: 539825

Tender Details

Organisation:
Indigenous Business Australia
Tender #:
-  
Status:
Closed
Publish Date:
6 October 2023
Closing Date:
19 October 2023

Tender Description

IBA's Producer Offset Loan Solution

Great film and television do more than entertain, they drive our culture forward. But making them is no small feat. That’s why we’ve introduced our Producer Offset Loan. It’s a loan to an Indigenous owned production company to finance eligible Australian documentary, film or television projects. Provided to complement investment from Screen Australia, any state government film-funding agency or broadcaster. If you’re an Indigenous producer or director, now your projects and stories can get the support they need.

FEATURES 
Loan amount$100,000 to $3,000,000
Loan repayment optionsFollowing production completion and certification, the ATO pays the Producer Offset rebate. The loan is repaid from these funds. Interest is payable monthly in arrears on funds drawn.
Loan termMaximum 2 years
FeesEstablishment fee: 1% of loan limit
Line Service fee: Nil
Interest rateOfficial cash rate + a margin based on risk.
Security

Completion guarantees.
GSA over assets and undertakings of the ‘special purpose vehicle’ production company.
Guarantee and indemnity from the parent company.

BenefitsHelps build sustainability and employment in the Indigenous production sector by providing cash flow for stand-alone projects. Provides upfront access to funds, bridging the gap between when production costs are incurred and when the Producer Offset rebate is received.
CriteriaFor an Indigenous production company to be eligible for the Producer Offset Loan, they must:
Qualify for the Producer Offset Rebate and have a provisional certificate from Screen Australia to confirm this.
Have investors willing to finance the project.
The Investors/funders must include one or more of Screen Australia, any state government film-funding agency or Australian broadcaster.
IBA does not provide finance for script development or pre-production costs.

Location

Western Australia   :   Gascoyne   :   Goldfields/Esperance   :   Great Southern   :   Kimberley   :   Mid West   :   Peel   :   Perth Metropolitan   :   Pilbara   :   South West   :   Wheatbelt  
New South Wales   :   Central West   :   Far North Coast   :   Far West   :   Hunter   :   Illawarra   :   Mid North Coast   :   Murray   :   New England   :   Orana   :   Riverina   :   Southern Highlands   :   Sydney  
Queensland   :   Cairns & Far North Queensland   :   Gladstone   :   Mackay Whitsunday Region   :   Mount Isa & North West Region   :   Rockhampton   :   South East Queensland   :   South West & Darling Downs   :   The Central West   :   Townsville   :   Wide Bay Burnett  
Victoria   :   Barwon South West   :   Gippsland   :   Grampians   :   Hume   :   Loddon Mallee   :   Melbourne  
South Australia   :   Adelaide   :   Eyre & Western   :   Far North   :   Fleurieu & Kangaroo Island   :   Limestone Coast   :   Murray & Mallee   :   York & Mid North  
Northern Territory   :   Big Rivers   :   Central Australia   :   East Arnhem   :   Greater Darwin  
Australian Capital Territory  
Tasmania  

Category

Community & Social Services   :   Community & Social Services (other)   :   Grant & Funding Programs  
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