Small businesses, primary producers and not-for-profits impacted by ex-Tropical Cyclone Alfred in South East Queensland can now apply for disaster assistance loans to support their recovery.
Queensland Rural and Industry Development Authority has opened applications for:
- Concessional loans to help with re-establishing normal operations.
- Essential Working Capital loans to provide assistance with essential working capital for expenses
Disaster Assistance Loans up to $250,000 and Essential Working Capital Loans up to $100,000 are available to eligible operators.
Loans can be used to repair damaged assets, restock supplies, and for the costs of sustaining operations and have been activated for eligible operators across the Local Government Areas of Brisbane, Bundaberg, Fraser Coast, Gold Coast, Gympie, Ipswich, Lockyer Valley, Logan, Moreton Bay, Noosa, Redland, Scenic Rim, Somerset, Southern Downs, Sunshine Coast, and Toowoomba.
- Disaster Assistance Loans up to $250,000 for eligible small businesses and primary producers and up to $100,000 for eligible not-for-profits will cover the repair or replacement of damaged equipment and infrastructure, and restocking.
- Essential Working Capital Loans up to $100,000 are available to help business operations continue, including paying salaries or wages, creditors, rent or rates.
- Freight subsidies up to $5,000 are also available to impacted primary producers to move stock or produce, or to have essential supplies deli
Concessional loans are available provided that certain criteria are met. For further information regarding what assistance is available, loan amounts, terms, interest rates, eligibility and how to apply, visit the QRIDA website.
The links allow you to toggle for criteria for each industry e.g. Primary Producers, Small Business and Not-for-profit organisations.
Should you have any questions or wish to discuss this matter further, please do not hesitate to contact the team at MGI.
