Applications for the Builders’ Support Facility have now closed.
The Builders’ Support Facility will give eligible residential builders in WA access to interest-free loans of up to $300,000 to help complete unfinished homes that were commenced prior to 1 July 2022.
In January this year, the Western Australian Government established a $10 million loan facility to assist residential builders to complete homes and get homeowners into their new dwellings.
The first round resulted in more than $5.8 million being allocated to eligible residential builders to assist in the completion of almost 100 homes. A second round of the facility will look to fully allocate the remaining funds.
The interest-free loan for residential builders will be paid in instalments to promote completions. A maximum of $300,000 (up to $60,000 per home) will be available to each successful applicant, repayable within five years from execution of the Deed of Loan. Each home for which a loan application under the Facility is successful must reach practical completion within 12 months from execution of the Deed of Loan.
Frequently asked questions
For more information about the Facility, please read the frequently asked questions.
Program guidelines
Download the Builders’ Support Facility program guidelines and terms and conditions to assist in preparing your Builders’ Support Facility application. These guidelines will contain the information you need for your application.
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More help for your business
If you are facing financial or other challenges in your business, you can turn to the SBDC for help.
