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Loans for small business working capital after a disaster
Disaster Assistance (Essential Working Capital) Loans - Small Business QLD
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.
Check if you can apply
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
Apply now
Apply for the Disaster Assistance (Essential Working Capital) Loans - Small Business QLD
Find out more about your eligibility and how to apply.
Learn how to applyContact information
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