Marine Recovery Loan

This program provides loans to aquaculture and wild catch fishing businesses significantly impacted by the marine harmful algal bloom in SA from March 2025.
Open
Application detail:

Apply at any time.

What do you get?

Loans of up to $250,000.

Who is this for?

Aquaculture and wild catch fishing businesses impacted by the marine harmful algal bloom first detected in March 2025 off the coast of SA.

Overview

Loans are available to help aquaculture and wild fish catching businesses manage through and recover from the marine harmful algal bloom first detected in March 2025 off the coast of South Australia.

Eligible loan uses include:

  • refinancing existing debt to a lower interest rate to improve cash flow
  • pay operating expenses, including outstanding bills, salary, rent, insurance and other business costs
  • capital expenditure including purchasing, upgrading or maintaining long-term assets e.g. equipment, buildings, fishing vessels and technology infrastructure.

Check if you can apply

To be eligible, applicants must:

  • demonstrate a material reduction in turnover caused by the marine harmful algal bloom
  • be an authorised aquaculture or wild fishing business
  • be registered for tax purposes in Australia, with an Australian business number (ABN)
  • be registered for goods and services tax (GST)
  • have existing commercial debt at the time of application
  • be financially viable in the long term.

Apply now

Apply for the Marine Recovery Loan

Find out more about your eligibility and how to apply.

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