Disaster Assistance Loans - Small business
Small Businesses whose assets have been significantly damaged as a direct result of an eligible disaster may be able to access low interest loans of up to $250,000.
What assistance is available?
Concessional loans are provided to assist you to re-establish the normal operations of your small business by covering costs such as:
- repairing or replacing damaged plant and equipment
- repairing or replacing buildings
- supplying stock for up to one month to replace lost stock and maintain liquidity of the business
- meeting carry-on requirements including:
- sustenance
- paying rent and rates
Features
| Loan amount |
|
| Maximum term |
|
| Repayments |
|
| Security |
|
| Fees |
|
Interest rates
The initial annual interest rates for these concessional loans are:
| Rate | Eligible disaster |
| 1.37% |
|
| 1.37% |
|
| 1.32% |
|
| 1.32% |
|
| 1.16% |
|
Defined disaster areas
The Minister for Police, Fire and Emergency Services has activated concessional loans for small businesses in relation to the following eligible disasters:
- North and Far North Queensland Monsoon Trough, 25 January - 14 February 2019
- Central Queensland Bushfires, 22 November – 6 December 2018
- Severe Tropical Cyclone Nora and Associated Flooding, 24 – 29 March 2018
- North Queensland Flooding, 6 – 10 March 2018
- Severe Tropical Cyclone Debbie and Associated Rainfall and Flooding, 28 March – 6 April 2017
To be eligible for assistance your property must be located in one of the "defined disaster areas" for the relevant disaster (see below).
| Eligible disaster | Defined disaster area |
North and Far North Queensland Monsoon Trough, 25 January - 14 February 2019 |
|
| Central Queensland Bushfires, 22 November – 6 December 2018 |
|
| Severe Tropical Cyclone Nora and Associated Flooding, 24 – 29 March 2018 |
|
| North Queensland Flooding, 6 – 10 March 2018 |
|
| Severe Tropical Cyclone Debbie and Associated Rainfall and Flooding, 28 March – 6 April 2017 |
|
Should you have any queries in relation to the Disaster Recovery Funding Arrangements 2018 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 Disaster Recovery Funding Arrangements 2018.