Loans for VIC small businesses and not-for-profits impacted by floods commencing October 2022

Overview

Loans may be used to undertake activities to re-establish the normal operations of the business or not-for-profit, including:

• repairing or replacing buildings
• repairing or replacing damaged plant and equipment
• supplying stock to replace lost stock and maintain liquidity of the business
• essential working expenses essential to carry-on the business, including paying bills, salaries or wages, rents and rates, goods and services etc.

Check if you can apply

To be eligible for a loan, the applicant must:

• be a small business owner or not-for-profit organisation
• hold an Australian business number (ABN) and have held that ABN at the time of the eligible disaster
• or in the case of a non-profit organisation, be an incorporated charity or non-profit entity which is registered with the Australian Charities and Not-for-profits Commission (ACNC) or an equivalent State regulatory body at the time of the eligible disaster
• have been engaged in carrying on the business or not-for-profit when affected by the eligible disaster
• be primarily responsible for meeting the costs claimed in the application
• be intending to re-establish or continue carrying on conducting the business or not-for-profit activity within the same local government area
• have suffered significant damage to assets as a direct result of the eligible disaster
• demonstrate that the enterprise has reasonable prospects of long-term viability with the assistance provided
• demonstrate that the enterprise has the capacity to repay the loan.