if: Guildhouse Interest Free Loan Service

image for interest free loan scheme for creative professionals

IF is an interest free loan service for creative professionals. As a creative professional, there are many investments required on the path to a sustainable career in the cultural sector. As funding opportunities are extremely competitive and limited in their scope and flexibility, our interest free loan service is designed to assist creative professionals to build their practice. Creative professionals generally need to work across multiple sectors, have irregular, low-income streams and don’t fit into the conventional mould of a successful loan candidate.

if loan is a commercial interest free loan service for current financial members of Guildhouse (join now). The loan is to support a creative outcome that would not be possible without this loan and is available to practitioners working in any artform and at all career stages.

The loans could be for, but are not limited to:

  • Design, Production
  • Exhibition Costs
  • Equipment or Materials Purchase
  • Research and Development
  • Professional Development
  • Marketing and Promotion Costs
  • Grant top-up or gap funding

Loan Amount: $1,000 – $5,000

Interest Rates: Nil

Bank Fees: A one off setup fee, equivalent to 5% of the loan (minimum $50), is included in the repayment schedule

Loan Term: 3 – 12 Months
Flexible repayments will be set up to suit each specific project cash flow and budget of the borrower. Terms will be negotiated with individual applicants. They can nominate how they would like to repay the loan, eg; weekly payments (from their regular job) or larger monthly payments, or in one lump sum, or anything in between.

if the Guildhouse Interest Free Loan Service has delivered seventeen loans valued at over $60,000 in the seventeen months since its launch in August 2015. The creative practitioners currently utilising the if loan  include a curator, ceramicist, composer, testile artist, print maker, jeweller,  glass artist, illustrator, poet and a shoe maker

Read hear how the if loan benefited their practices

To apply you need to:

  • Be a current financial member of Guildhouse (Associate, Accredited or Allied Membership)
  • Be 18 years or older
  • Be a permanent resident of Australia
  • Have an Australian Business Number

To apply you need to:

  • Describe your practice
  • Outline your experience in your sector
  • Provide supporting evidence of your work
  • Provide 2 or 3 referees from your sector
  • Outline what the loan is for
  • Outline how it will benefit your practice
  • Outline how it would be repaid

If your application is successful you will need to provide:

  • A signed direct debit form for your nominated bank account for repayments
  • A certified copy of some form of photographic ID such as driver licence or passport
  • Verification of the bank account in your name such as a bank statement
  • Extra verification of your address such as a copy of a utility bill
Photograph: Grant Hancock

Photograph: Grant Hancock


Please read the following documents before beginning the online application process

Foresters Group – APP Privacy Policy and Credit Reporting Policy

Privacy Collections Statement


If you are interested in applying for a Guildhouse Interest Free Loan Service, you need to:

  • Download and carefully read the Guildhouse Interest Free Loan Service Outline document. Use this as a guide to create a word document master, to copy and paste your responses into the online application form.

if: the Guildhouse Interest Free Loan Outline

  • Provide us with your ABN (Australian Business Number)
  • The word count is a guide. You can answer the questions clearly and concisely with less words.
  • Telephone 8410 1822 to make an appointment to discuss your application.

Privacy Collections Statement

Foresters Group – APP Privacy Policy and Credit Reporting Collections Statement


We would like to thank the following for their generous contribution towards this program:

Adelaide Moulding and Casting Supplies
Brian Tucker
Deborah Miller
Emma Hack
Geoff and Sorayya Martin
James & Diana Ramsay Foundation
Jane Barwick
Kambitsis Group of Companies
Marcia Del Thomas



Plus 1 CPA lockup 2015 - reverse

Loan Application Form

Personal Details

Trading Name (if applicable)

Contact Name*



Date of Birth




Bank Details

Branch/BSB No*

Account No*


Type of Membership

Nature of your work

1. Describe your current practice and your work in the cultural and creative sector. (maximum word count 400 words)

2. How long have you been working in the sector? (maximum word count 400 words)

3. What was the earned income from your business activities last year?

4. Do you have any other sources of income e.g. from a part time job?

5. Please provide supporting evidence of your work. Five examples required. These examples can include images, links or documents.
Accepted file types: JPEG, PDF, DOC
Maximum file size 2mb each

6. Have you received any form of Government funding for your activities any time over the last five-years?

Please supply details of grant and contact person in the organisation you received the grant from.

7. Have you received any other financing for your work in the form form of loans, sponsorship or crowdfunding?

The Loan

8. Purpose of the loan

Please provide a description of the project for which the loan is required. (maximum word count 400 words)

9. Amount required for borrowing (up to $5,000)

An administration fee of 5% will be paid as part of loan re-payment. Amount required + 5% of amount required = total amount required:

10. Date from which you require the loan

11. Why is a loan appropriate to your circumstances?

Please describe why you are applying for a loan from Guildhouse and if you have tried to access any other form of funding or finance for this particular project. (maximum word count 400 words)


12. What difference will having the loan make to your own professional development, your project and/or your community? (maximum word count 400 words)


13. How do you propose to re-pay the loan?

All loans will be expected to be repaid between three and twelve months. The administration fee can be paid as part of loan re-payment.

What re-payment method and amounts would be appropriate to your circumstances? What is your proposed time line for repayments?(maximum word count 400 words)

14. What evidence can you provide of your ability to repay the loan?

(these may be documents requested during assessment including a budget for the proposed project, evidence of pre-sales or written confirmation of a grant?)

15. What form of guarantee could you provide?

Guarantors will not be necessary for all loans from the Guildhouse Interest Free Loan Service. However it would be beneficial if you could indicate any assets, confirmed grant aid, individual or organisational guarantors for a loan.(maximum word count 400 words)


16. Please provide the contact details of at least two referees (name, organisation and contact details including phone number) specific to this project with at least one reference for your work from either:

  • a recognised professional or membership body/service organisation,
  • a local government cultural/ community officer, or
  • a state government funding body.

Referee 1


Contact Name




Referee 2


Contact Name




Business Declaration

Business Purpose Declaration

Finance Agreement

I declare that the credit I am applying for through Foresters Community Finance is to be applied wholly or predominantly for:

  1. Business Purposes or
  2. Investment purposes other than investment in residential property


You should only sign this declaration if this loan is wholly or predominantly for

  1. Business Purposes or
  2. Investment purposes other than investment in residential property

By signing this declaration you may lose you protection under the National Credit Code

Applicant’s Name*

Your Rights and Responsibilities

As the if: Guildhouse Interest Free Loan Service is a perpetual community based finance service designed to assist the cultural and creative sector it is important that you apply in good faith and repay as agreed so that other members of the sector can get access to credit as required.

You have a right to:

  • Be informed about the service's eligibility criteria
  • Be informed about loan decision making processes
  • Be informed about the Terms and Conditions of the loan
  • Know how information about you is recorded and who will have access to your information
  • Information gathered at the initial enquiry stage will be kept for 12 months. Information gathered for the loan application will be kept for five years. All information will be kept on a secure database and/or in a locked and secure filing cabinet
  • Make a complaint and have the complaint dealt with fairly and promptly without retribution
  • Access your personal file after the Guildhouse Interest Free Loan Service committee has received a request in writing

Your responsibilities are to:

  • Ensure all information provided for the purpose of the loan enquiry and interview are true and correct and that no false or misleading information is given at any time
  • And if the loan is granted:
    • Make regular repayments as stated in your Loan Agreement
    • Advise the Guildhouse Interest Free Loan Service if you are experiencing difficulties making your repayments
    • Advise the Guildhouse Interest Free Loan Service if you change your address or telephone number
    • Agree to Guildhouse Interest Free Loan Service evaluating the success of the loan and preparing public documentation on the agreement and outcomes of the project
    • Agree to acknowledge the Guildhouse Interest Free Loan Service in providing assistance on any documentation created by the
    • Applicant on the project for which the loan is agreed


I declare that the information I have provided in this application and accompanying documents is true and complete. I am aware that it is on the basis of the information that I have provided that Foresters Community Finance and the if: Guildhouse Interest Free Loan Service committee will make its decision whether or not to grant me a loan. I authorise Foresters Community Finance to make all enquiries which it considers necessary to fully assess my application.

As your application is for a commercial purpose by submitting this application you expressly consent to Foresters Community Finance maybe obtaining your credit report containing your credit information in order to assess your commercial loan application. The signature below evidences that you have received a copy of the Foresters Group - APP Privacy and Credit Reporting Collections Statement with this application which outlines how we collect, deal with and exchange information with third parties.

Applicant’s Name*

* Denotes Required Field





Plus 1 CPA lockup 2015 - reverse