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Natural Disaster Assistance Essential Working Capital - Non-Profit

Non-profit organisations which have suffered a significant loss of income as a result of an eligible disaster (such as through loss of electricity, water or road access for extended periods) may be eligible for low interest loans up to $100,000.

What assistance is available?

A low interest loan up to $100,000 can assist you with essential working capital for expenses such as:

  • paying salaries or wages
  • paying creditors
  • paying rent or rates
  • buying goods, including for example, fuel essential to carry on the non-profit activities

Features

Loan amount
  • Low interest loan up to $100,000
Interest rate
  • The initial annual interest rate is 1.16% for loans under the Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 event.
Maximum term
  • Up to 7 years
Repayments
  • If needed, up to 2 years interest only may be available
Security
  • Security to QRIDA's satisfaction will be required for the loan - QRIDA will discuss this with you

Fees

Establishment fees

Nil

Account maintenance fees

Nil

Early payout fees

Nil

Who is eligible to apply?

To be eligible for assistance, you must have suffered a significant loss of income as a result of an eligible disaster and your business must be located in an activated local government area.

Please note that non-profit organisations can only receive assistance under the Natural Disaster Assistance Scheme OR the Natural Disaster Assistance (Essential Working Capital) Scheme for an eligible disaster - not both.

Current disaster activations

The Minister for Police, Fire and Emergency Services announced on 30 March 2017 that Natural Disaster Assistance (Essential Working Capital) loans are now available for non-profit organisations affected by Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017.

To apply for assistance for loss of income caused by Severe Tropical Cyclone Debbie and associated rainfall and flooding, you must be located in one of the following local government areas:

Activated local government areas for Non-profit Organsiations - Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 (current as at 10 April 2017)
Gold Coast City Council
Logan City Council
Mackay Regional Council
Rockhampton Regional Council
Scenic Rim Regional Council
Whitsunday Regional Council

Should you have any queries in relation to the Natural Disaster Relief and Recovery Arrangements please contact us on Freecall 1800 623 946 or contact your nearest Regional Area Manager in one of our regional offices.

QRIDA administers financial assistance to disaster affected primary producers, businesses and non-profit organisations under the joint Commonwealth / Queensland Government funded Natural Disaster Relief and Recovery Arrangements (NDRRA).

Last updated
30 October 2017