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Disaster Assistance (Essential Working Capital) Loans - Small Business

Small businesses 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 able to access low interest loans of up to $100,000.

What assistance is available?

Concessional loans are provided to 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 small business

Features

Loan amount
  • Maximum of $100,000
Maximum term
  • Up to 10 years
Repayments
  • If needed, up to 2 years interest only may be available
Security
  • A loan under the scheme must be secured by a mortgage of land and other assets satisfactory to QRIDA
Fees
  • No establishment fees, no account maintenance fees and no fees for early payout.

Interest rates

The initial annual interest rates for these concessional loans are:

RateEligible disaster
1.37%
  • North and Far North Queensland Monsoon Trough 25 January - 14 February 2019
1.37%
  • Central Queensland Bushfires, 22 November – 6 December 2018
1.32%
  • Severe Tropical Cyclone Nora and Associated Flooding, 24 - 29 March 2018 event
1.32%
  • North Queensland Flooding, 6 – 10 March 2018 event
1.16%
  • Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 event

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 disasterDefined disaster area

North and Far North Queensland Monsoon Trough 25 January - 14 February 2019

  • Burdekin Shire Council
  • Burke Shire Council
  • Carpentaria Shire Council
  • Charters Towers Regional Council
  • Cloncurry Shire Council
  • Croydon Shire Council
  • Douglas Shire Council
  • Etheridge Shire Council
  • Flinders Shire Council
  • Hinchinbrook Shire Council
  • McKinlay Shire Council
  • Richmond Shire Council
  • Townsville City Council
  • Winton Shire Council
Central Queensland Bushfires, 22 November – 6 December 2018
  • Gladstone Regional Council
  • Mackay Regional Council
  • Rockhampton Regional Council

Severe Tropical Cyclone Nora and Associated Flooding, 24 – 29 March 2018

  • Cairns Regional Council
  • Cassowary Coast Regional Council
  • Hinchinbrook Shire Council

North Queensland Flooding, 6 – 10 March 2018

  • Cassowary Coast Regional Council
  • Hinchinbrook Shire Council

Severe Tropical Cyclone Debbie and Associated Rainfall and Flooding, 28 March – 6 April 2017

  • Gold Coast City Council
  • Isaac Regional Council
  • Livingstone Regional 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 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.

Last updated
11 June 2019