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The COVID-19 Jobs Support Loan Scheme has helped Queensland businesses and non-profit organisations financially affected during COVID-19 to retain employees and maintain their operations.

Women hanging open sign on the door of her business

Key program information

    • $1 billion

      total loan scheme funding

    • First year

      no repayments or interest charged

    • Years 2 and 3

      interest only repayments

    • Years 4 to 10

      principal and interest repayments

    • 2.5%

      set interest rate for the loan term

    • 10 year

      total loan term

Information about your COVID-19 Jobs Support Loan

As part of the Queensland Governments response to COVID-19, a $1 billion loan scheme was delivered by QRIDA between March and September 2020.

Now closed for applications, the scheme has assisted 7,000 Queensland businesses and supported 86,000 local jobs.

The COVID-19 Loan is to be repaid in full within the 10-year term. The interest rate of 2.50% is set for the term of the loan and there are no fees charged if you make advance payments or repay the loan in full at any time within the term.

The first interest repayments are due 13 months from the date at which you received your loan.

Repayments will be by direct debit to your nominated business transaction account. To update your direct debit details please complete the form.

The QRIDA COVID-19 Loan is managed by a dedicated team who are available to assist with a range of requests and enquiries.

Small Business Help and Support

Find a range of information, support, services and assistance for small business here.

Find below a range of forms and information

Download and complete the form below that fits your needs.

Additional payments request

Additional payments (PDF, 96.1 KB) form to reduce the balance and save on interest charges. Your QRIDA team will be in touch to discuss your options.

Authorising a third party

Third party authorisation (PDF, 108 KB). You can request QRIDA to provide information pertaining to your COVID-19 Jobs Support Loan to a third party, to the loan (e.g. spouse, accountant, bookkeeper, employee).

Business closure or sale notification

Sale or business closure (PDF, 104 KB).You must advise QRIDA in the event your business is to be sold or will no longer be operating as this will require the repayment of your loan. To request a payout figure on your loan use this form.

Change of contact details

Update contact details (PDF, 110 KB). QRIDA will contact you via phone, post, SMS or email regarding your loan so it’s important your details are kept up to date. This includes changes to the road address of the business.

Change of members notification

Change of officeholders and shareholders (PDF, 116 KB). Please notify QRIDA of any changes to directors, trustees, other officeholders and shareholders.

Direct debit update details

Change your bank account details (PDF, 262 KB).It’s important to advise QRIDA immediately of any changes to your business bank account details. QRIDA will change the direct debit for your loan upon receiving this form.

Loan payout request

Loan payout (PDF, 104KB). Advanced notice is required if you plan to payout your COVID-19 Jobs Support Loan. Use this form to request a payout figure for the loan.

Notification of deceased

Deceased notification (PDF, 113 KB). In the event that a client or officeholder (e.g. director/trustee) is deceased, please advise QRIDA using the deceased notification form. Please note, if this has resulted in a change of company directors or officeholders, please advise QRIDA of the new directors/officeholders by completing the change of members notification (PDF, 122KB) form.

One-off late payment or financial hardship

One-off late payment or financial hardship (PDF, 115KB). If you anticipate that you may be late in making a scheduled loan payment (e.g. within a week), contact QRIDA on the details below and we will be in touch to discuss. If the situation is more serious and the business is experiencing difficulties in meeting its contracted loan payments please use this form.

Request a loan account statement

Loan account statement (PDF, 97 KB). Use this form to request a statement of your loan account with QRIDA.

Information for lenders

QRIDA holds security via a General Security Agreement (GSA) listed on the Personal Property Securities Register (PPSR) to secure all COVID-19 Jobs Support Loans with an initial balance of more than $100,000.

If you are a financier and you want to obtain a partial release of QRIDA’s security interest or would like to discuss a Deed of Priority arrangement in respect to the QRIDA GSA, please contact QRIDA.

Please note that QRIDA shall assess all requests received and may require additional information in order to complete the assessment and provide an outcome.

Frequently asked questions

View all FAQs

Contact QRIDA

For enquiries about your COVID-19 Jobs Support Loan email or contact us.

News, events & stories

Last updated
09 August 2021