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Queensland COVID-19 Jobs Support Loans

Applications open Queensland COVID-19 Jobs Support Loans

Please use the checklist to make sure your application is complete before you submit so QRIDA can assess it.

Applications are now open for the Queensland Government’s $500 million COVID-19 Jobs Support Loan scheme. This scheme is for Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations. View loan guidelines here before starting your application.

Low interest loans of up to $250,000 are available to assist with carry-on expenses such as employee wages, rent and rates and other related expenditure. Eligible business types include sole traders, partnerships, private and public companies and Trusts.

All COVID-19 Jobs Support Loans will be provided for a term of 10 years, with no repayments or interest charged for the first year, followed by two years of interest only payments. Principal and interest repayments will commence after the third year for the remainder of the loan term.

Loan features

  • $500 million loan scheme
  • Maximum loan up to $250,000
  • No repayments or interest charged for the first year
  • Plus two years interest only
  • 2.5% fixed interest rate
  • 10-year term of loan
  • Open until 25 September 2020 or until funding is fully committed.

To successfully apply online, have ready your

  • Business Financial Statements for 2017-18 and 2018-19
    • Including Profit and Loss Statement, Balance Sheet and depreciation schedules
    • Financials must be provided for the applicant entity
  • Personal Taxation Returns for 2017-18 and 2018-19
    • Returns for all associated individuals as prepared by your accountant
  • Bank Account Information
    • Please provide account balances for all business loan and credit accounts. This may be copies of your most recent bank statements or information obtained from your internet banking platform.
  • Australian Tax Office (ATO) Integrated Client Account Statement
    • Copy of the ATO Integrated Client Account Statement (for 12 months to the date of application) for the applicant/each member and all associated entities.
  • Aged list of debtors and creditors at time of application
  • Applicant Identification
    • QRIDA is required to adequately identify loan applicants. Please include copies of at least two of the following
    • identification documents: Australian Driver’s Licence, Australian or international Passport, Medicare Card.
  • Organisation Constitution or Rules of Association and Certificate of Incorporation (if applying as a non-profit organisation)
  • Trust Deed (if applying as a trust).

Helpful hints

  • For optimal performance use the Google Chrome browser
  • An individual file that can be uploaded is 50 MB
  • Total size of all files for an application cannot exceed 100 MB
  • Yes, you can come back and resume filling in the form at any time. Your information should be saved up until the last page you entered and saved.

Have a question?

See our frequently asked questions for more information.

If you require assistance with your application, please contact QRIDA on Freecall 1800 623 946.

In completing your application, you are encouraged to speak with your lender and financial or business advisors.

Apply now

Related information

Last updated
7 April 2020