Disaster Assistance (Essential Working Capital) Loans - Small Business QLD


Disaster Assistance (Essential Working Capital) Loans – Small Business provide low interest loans to small businesses who have suffered a significant loss of income as a result of an eligible disaster.
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Application detail:

Applications may be made after the declaration of an eligible disaster.

 
What do you get?

Low-interest loans up to $100,000.

Who is this for?

Queensland small businesses impacted by an eligible disaster.

Overview

Disaster Assistance (Essential Working Capital) Loans - Small Business provides small businesses, who have suffered a significant loss of income, as a result of an eligible disaster, with low-interest loans to help with the continuation of normal business operations.

Loan funds provided are intended to be used as essential working capital, including:

  • paying salaries or wages
  • paying creditors
  • paying rent or rates
  • buying goods, for example - fuel essential to carry-on the small business

Loans are not provided to:

  • compensate for loss of income as a result of the disaster
  • provide assistance relating to direct damage suffered as a result of the disaster

Low-interest loans of up to $100,000, over a maximum term of 10 years are available.

What are the eligibility criteria?

To be eligible, you must:

  • be a small business owner in Queensland
  • have been carrying on a small business in the 'defined disaster area' before the eligible disaster occurred
  • have suffered a significant loss of income as a result of the eligible disaster
  • provide adequate security for the loan
  • be able to demonstrate the ongoing viability of the small business
  • continue to carry on the small business in the defined disaster area
  • have taken reasonable precautions to avoid loss or damage from a disaster, for example, have adequate insurance

Find out more about the eligibility criteria at Disaster Assistance (Essential Working Capital) Loans - Small Business.

How do you apply?

Check the Disaster Recovery page for information about announcements of declared disaster events.

Find out more about how to apply at Disaster Assistance (Essential Working Capital) Loans - Small Business.