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NAB and IBA launch guarantee for First Nations business loans
IBA will guarantee up to 50%.
National Australia Bank (NAB) and the Indigenous Business Australia (IBA) have launched a corporate guarantee enabling First Nations businesses to obtain lending of up to A$1m.
Under the initiative, the IBA will guarantee up to 50% of the loan amount.
The initiative is part of NAB’s goal of lending A$1b to Australia’s estimated 5,200 registered First Nations business and community organisations, NAB said in an online post on 1 June 2026.
NAB and IBA signed a memorandum of understanding in 2023.
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