We would like to extend our thoughts to those facing hardship or who may have been impacted by ex-Tropical Cyclone 'Seth' throughout areas of Regional Queensland.
Our firm has a long-standing history of working with clients throughout the area, assisting SME & agribusinesses across a number of key industries to the region and were saddened to hear the recent news of its impact.
As such, we wanted to note the release of the QRIDA's 'Disaster Assistance Loans' scheme available to assist primary producers, small businesses, and non-profit organisations in their recovery and support re-establishing normal operations.
Under the assistance program businesses and primary producers will have access to concessional loans designed to support the return of normal operation. These loans are to cover such costs, including:
| Businesses | Primary Producers |
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It is important to note that eligibility for the program requires that businesses/primary producers must be located in one of the following disaster areas:
- Bundaberg Regional Council
- Fraser Coast Regional Council
- Gympie Regional Council
- North Burnett Regional Council
- South Burnett Regional Council
Similarly, details of the Loan include:
| Loan Amount | Maximum of $250,000 |
| Loan Term | Up to 10 Years |
| Repayments | If needed, up to two years interest only may be available |
| Security | A loan under the Scheme must be secured by a mortgage or land and other assets satisfactory to QRIDA |
| Fees | No establishment fees, no account maintenance, and no fees for early payout |
Application Process
To be considered for a loan, you must complete an Application Form - accompanied by the documentation required as listed on the form. Forms are available via www.qrida.qld.gov.au.
Please be advised that applications are open until 31 December 2023.
For More Information
For further information, please visit: https://www.qrida.qld.gov.au/program/disaster-assistance-loans
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