Low-interest loans for small business disaster recovery

Overview

Disaster Assistance Loans - Small Business provides small businesses, whose assets have been significantly damaged as a direct result of an eligible disaster, with low-interest loans to help in their recovery efforts.

Loans may be used to re-establish the normal operations of the small business, including:

• repairing or replacing damaged plant and equipment
• repairing or replacing buildings
• supplying stock for up to 1 month to replace lost stock and maintain the liquidity of the business
• meeting carry-on requirements
  • sustenance
  • paying rent and rates

Low-interest loans of up to $250,000, over a maximum term of 10 years are available.

Check if you can apply

To be eligible, you must:

• be a QLD small business owner
• have a business which has sustained substantial damage to buildings, plant, equipment or stock as a result of an eligible disaster
• have been carrying on a small business in the 'defined disaster area' immediately before the eligible disaster
• provide adequate security for the loan
• be able to demonstrate the ongoing viability of the small business
• continue to carry on at the same location or elsewhere in the local government area where the small business was carried on prior to the eligible disaster
• have taken reasonable precautions to avoid loss or damage from a disaster, for example, have adequate insurance